The U.S. Securities and Exchange Commission (SEC) is officially stepping back from regulating memecoins, effectively leaving investors to navigate the volatile world of these tokens like $TRUMP — a token closely tied to President Donald Trump and his growing crypto empire. In comments this week, SEC Commissioner Hester Peirce made it clear that the agency does not consider these tokens securities and will not offer guidance or protection to traders. 80% of $TRUMP reportedly held by entities affiliated with Trump, critics warn of conflicts of interest and a regulatory vacuum as the president’s family profits from a financial product now officially outside the SEC’s reach.