SEC's Cryptocurrency Task Force Chair Hester Peirce has put the final word on TRUMP and all Memecoins!

Hester Peirce, one of the senior members of the U.S. Securities and Exchange Commission (SEC), announced that the agency has withdrawn from its task of regulating memecoins.

This situation means that investors should not expect any protection or guidance regarding tokens like TRUMP.

In an interview with CNBC, Peirce stated, "There is a great interest in memecoins, but people should know this: You should not expect SEC protection for these assets." This statement came during the Bitcoin 2025 conference held in Las Vegas.

SEC stated in a statement made in February that most memecoins are not considered securities under U.S. federal laws. This situation has led to assets such as the TRUMP token, which was launched weeks after Trump resumed his presidential duties, remaining outside of regulatory oversight.

Peirce argued that the SEC should announce its incapacitation on this issue with a clear public statement, just as it did during that period, by likening this process to the NFTs that became popular in 2021.

On the other hand, since President Trump took office, the SEC has adopted a softer and more industry-friendly approach towards the crypto sector. However, this strategy has raised conflict of interest allegations as the Trump family has become increasingly involved in crypto.

80% of the TRUMP token is controlled by the Trump Organization and its affiliates. The token skyrocketed in January along with Trump’s statements on social media, reaching a market value of $15 billion. However, it experienced a significant loss in value in a short period. Nevertheless, project developers continue to profit thanks to the fees charged per transaction.

The White House argues that there is no conflict of interest by stating that Trump's assets are held in a trust managed by his children. However, figures like Democratic Senator Richard Blumenthal warn that such assets could serve as a "backdoor" for foreign or corporate interest groups to reach the president.

SEC member Peirce stated that the decisions made by the institution were not politically motivated: "We did not have clear rules. There were many questions about how crypto activities intersect with securities laws. Now we want to take a step back and write clear rules."

*It is not investment advice.

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