SEC Clarifies Memecoins, Including Trump Tokens, Fall Outside Its Jurisdiction
The SEC has clarified that most memecoins, including tokens like the Trump (TRUMP) and Melania Trump (MELANIA) coins, do not fall under its regulatory oversight.
Commissioner Hester Peirce explained that such assets, largely driven by internet culture and celebrity endorsements, don’t align with the commission’s current remit.
This comes amid a steep decline in the TRUMP token’s value, with investors losing $2 billion since its launch in January. Despite the crash, the Trump Organization and its partners made significant profits from trading fees.
Peirce emphasized that other government bodies, such as the CFTC or Congress, may need to step in to regulate these types of tokens, which are more comparable to collectibles than traditional crypto assets.
READ MORE:
Bitcoin’s Final Surge? Economist Predicts Massive Crypto RallyIndustry experts, including ETF Store president Nate Geraci, agree, viewing memecoins as speculative and comparable to trends like ICOs or NFTs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Russia to hit illegal miners and crypto payments with fines and seizure
Share link:In this post: Russia plans to go after illegal miners with fines and crypto seizures. Moscow is targeting crypto payments outside Russia’s special legal regime. Russian law enforcement dismantled two large crypto mining farms in Siberia.


Bitcoin at $200K by Year-End Is Now Firmly in Play, Analyst Says After Muted U.S. Inflation Data

European Giant 21Shares Announces Its Summer and 2025 Year-End Price Prediction for Bitcoin (BTC)!
Trending news
MoreCrypto prices
More








