The head of the Securities and Exchange Commission’s new crypto task force has said that meme coins are unlikely to fall under the watchdog’s jurisdiction.
In an interview with Bloomberg on Tuesday, SEC Commissioner Hester Peirce was asked about President Donald Trump and his wife’s official meme coins, TRUMP and MELANIA, and whether such cryptocurrencies would fall under the agency’s jurisdiction.
The newly appointed boss of the SEC’s crypto task force said such assets probably do not. President Donald Trump launched his own Solana-based meme token, TRUMP, ahead of his January 20 inauguration, with Melania Trump following suit with her own coin soon after.
“There are lots of people introducing meme coins right now,” Peirce said. “But many of the meme coins out there probably do not have a home in the SEC under our current set of regulations.”
The SEC did not immediately respond to
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Author: Mathew Di Salvo
