By cryptoadmin As detailed in a current disclosure from American leisure media outlet TMZ, Haliey “Hawk Tuah” Welch introduced the U.S. Securities and Change Fee (SEC) has concluded its inquiry, issuing no costs or penalties in opposition to her.
Hawk Tuah’s Authorized Odyssey Ends With SEC Cross
Welch, a 22-year-old Tennessee native, catapulted into viral stardom in June 2024 following a candid sidewalk change the place her irreverent recommendation—“You gotta give them that Hawk Tuah and spit on that factor”—ignited web fervor, cementing her moniker because the “Hawk Tuah Lady.”
Capitalizing on her sudden cultural imprint, she swiftly unveiled the podcast “Discuss Tuah” and ventured into the digital forex sphere with a Solana-based meme token. Haliey’s foray into cryptocurrency propelled the HAWK token to a fleeting peak of $490 million in market valuation upon its arrival, solely to unravel spectacularly hours later—erasing 95% of its value and incinerating hundreds of thousands in investor funds.
This whimsical rise and abrupt disintegration ignited claims of orchestrated market manipulation, with disgruntled merchants alleging a basic pump and dump ploy, their grievances crystallizing in litigation focusing on these linked to HAWK’s rollout. The fallout intensified as aggrieved buyers amplified their outcry, channeling frustrations into formal complaints.
A December Rolling Stone exposé famous at the least one participant escalated considerations to the SEC, injecting recent scrutiny into the token’s turbulent trajectory—a saga mixing viral ambition with the unstable theatrics of meme-driven finance. Now issues have modified, and a TMZ editorial notes that the SEC isn’t investigating Welch.
Hawk Tuah Lady advised the leisure information outlet:
For the previous few months, I’ve been cooperating with all of the authorities and attorneys, and at last, that work is full.
Welch’s authorized legal professional, James Sallah, advised TMZ within the report that her path in future crypto-related ventures stays unshackled. The SEC, beneath the Trump administration, has deserted quite a few regulatory actions and authorized challenges this yr. The TMZ report mentioned Welch’s alignment with Burwick Legislation, whereas the publication theorized that collaborators may have “deceived or misadvised” her.