Elon Musk-Backed Floki Memecoin Recognized as Utility Token by US Regulators
Floki (FLOKI), the popular memecoin inspired by Elon Musk’s pet dog, has gained recognition as a utility token from the US Commodity Futures Trading Commission (CFTC). This recognition came during the Global Markets Advisory Committee (GMAC) meeting held on November 21. The recognition has placed Floki alongside established names like Ethereum and Avalanche, reflecting its…