Memes coins are becoming very popular in the cryptographic world. They are fun, unpredictable already linked to Internet trends or celebrities. But do they count as values? Hester Peirce, head of the Crypto Task Force of the SEC, says that probably not.
In an interview with Bloomberg, Peirce was asked about Donald Trump and his wife, Melania, throwing their own coins Solana Meme, Trump and Melania. She said that these types of currencies probably do not fall under the regulation of the sec.
“Many people are throwing meme coins right now,” Peirce said. “But most of them probably do not belong under the current rules of the SEC.”
This suggests that SEC may not be as strict in meme coins as before. According to President Biden, the SEC demanded several cryptographic companies for selling unregistered values. Peirce, however, is adopting a different approach.
The sec has said that memecoins are not values
This is a complete 180 Gary Gensler, who tried to say that each cryptocurrency was security
Memecoins are collectible, which is extremely optimistic for the meme and solana space
– Borovik (@3orovk) February 11, 2025
Hester Peirce comments: if not the SEC, who will regulate meme coins?
If the SEC does not regulate meme coins, who will do it? Peirce suggested that the Congress or the Basic Products Trade Commission (CFTC) could intervene. She said that current laws do not classify meme coins as values.
Some experts are concerned that leaving non -regulated meme coins could damage the industry. They argue that these tokens encourage risky trade, especially for beginners. Instead of supporting solid cryptographic projects, money flows towards short -term speculation.
The secure of the sec that meme coins are not values is a great change from the previous hard line view of Gensler, which makes it optimistic for the memes ecosystem. However, the market has not reacted much, probably because it was expected, regulatory uncertainty remains and the general market conditions are unstable.
Memecoins, being risk assets, need a stronger feeling or a broader manifestation to increase. For now, the market is still cautious despite regulatory clarity.
Memes coins are digital tokens based on jokes, trends or famous people. Unlike Bitcoin or Ethereum, they often do not have a solid technical base. Its value can increase or fall quickly. Some merchants get great profits, while others lose money when the hype vanishes.
For example, Trump Coin reached its maximum point at $ 73 before the inauguration of Trump. Since then, it has fallen by almost 80% to around $ 15.36. And it doesn’t look good.
(Trumpdt)
Trump, crypt and the future of regulation: will the memes currencies prosper or fall into greater chaos?
Under Biden, Bitcoin was the only cryptography clearly labeled as a merchandise. Most of the other tokens were considered values. But this could change under Trump. The recent approval of an ETF Ethereum suggests that more cryptography can be treated as basic products.
Many cryptographic investors think that Peirce’s position is good for memes coins. Others warn that scams and great losses could become more common without regulation.
Memes coins are a part that moves quickly from cryptography. Some merchants love them, while others see them as risky. Hester Peirce believes that SEC will not regulate them strongly. But that does not mean they are safe.
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The publication of the messy world of Memes coins, such as Trump, may not be regulated, says the SEC Commissioner appeared first in 99bitcoins.
