The Securities and Exchange Commission (SEC) has confirmed that the $TRUMP token does not fall under its regulatory jurisdiction. This decision, made by Commissioner Hester Peirce at Bitcoin 2025 in Las Vegas, has significant implications for investors in this sector. While the SEC has clarified that $TRUMP is exempt from securities regulations, it also emphasizes a lack of oversight and traditional investor protection mechanisms. This ruling leaves investors more vulnerable to market manipulation and fraud without the usual protections offered by securities laws. 80% ownership by entities affiliated with former president Donald Trump adds another layer of concern. This concentration creates potential conflict-of-interest issues for the regulatory agency.