SEC Commissioner Hester Peirce stated during the Bitcoin 2025 conference that the meme coin TRUMP, like other similar digital assets, does not fall under SEC regulation, meaning investors cannot expect government protection.
This is reported by Finway
SEC’s Position on Meme Coins and NFTs
According to Peirce, the SEC does not plan to intervene in the realm of meme coins, leaving the responsibility for risks on the investors themselves. She also recalled the NFT boom in 2021, when the market surged and plummeted without any regulatory oversight.
“If you expect the SEC to protect you in the realm of meme coins, you shouldn’t count on it,” Peirce said during the Bitcoin 2025 conference in Las Vegas.
TRUMP, a token associated with the family of U.S. President Donald Trump, showed a sharp increase after its launch in January 2025, reaching a market capitalization of $15 billion. However, its value subsequently fell just as rapidly.
Changes in U.S. Regulatory Policy Regarding Cryptocurrencies
In February, the SEC announced that most meme coins are not classified as securities, exempting them from regulatory oversight. This aligns with the current policy of the Trump administration, which reduces pressure on the cryptocurrency market.
Peirce emphasized that it is important for the regulator to establish clear rules rather than react situationally to market events. This approach signals a shift in the SEC’s attitude towards cryptocurrencies in light of the new political situation in the U.S.
At the same time, the SEC closed the case against Binance and its founder Changpeng Zhao. It is worth noting that Zhao, who was released from prison last year after a deal with the Justice Department, now has close ties to entities associated with the U.S. President.
Despite statements from the White House about the absence of conflicts of interest, several Democratic senators, including Richard Blumenthal, have expressed concerns regarding the Trump family’s crypto assets, viewing them as a potential channel for influence from foreign and corporate entities.
Additionally, the Chairman of the House Financial Services Committee, French Hill, also sees risks in Trump’s crypto projects for shaping the regulatory environment regarding stablecoins and other digital assets.