SEC Commissioner Says Memecoins Like $TRUMP Don’t Fall Under Regulatory Scope

SEC Commissioner Hester Peirce has clarified that most meme coins, including those based on the name of former President Donald Trump, fall outside the agency’s regulatory oversight. According to Peirce, investors should not expect any kind of protection from the SEC when investing in these digital assets. This statement comes at a time when memecoin popularity is soaring, with market capitalization reaching $120 billion and raising concerns about investor risk.