SEC Commissioner Hester Peirce signaled no supervision of the memecoin TRUMP

U.S. SEC Commissioner Hester Peirce, in an interview at the Bitcoin 2025 conference, asserted that the meme coin $TRUMP is not under the jurisdiction of the SEC as it does not meet the criteria to be considered a security under federal law.

Ms. Peirce stated that although tokens like $TRUMP may fluctuate with the market, this does not automatically subject them to SEC oversight. She compared it to the NFT boom in 2021, which garnered significant attention but did not qualify as securities.

She emphasized that the SEC only regulates transactions related to securities and meme coins often fall outside this scope. Therefore, she warned investors not to expect protection from the SEC in the meme coin space, which operates outside traditional regulations.

Hester Peirce stated: "This is an area where I see a lot of public interest — meme coins — and it is reasonable for us to make it clear that: People, if you are expecting that there will be protection from the SEC for these things, then you should not expect that."