{"id":1597,"date":"2025-05-31T16:27:52","date_gmt":"2025-05-31T16:27:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/white-house-in-the-memecoin-business-and-the-secs-not-watching\/"},"modified":"2025-05-31T16:27:53","modified_gmt":"2025-05-31T16:27:53","slug":"white-house-in-the-memecoin-business-and-the-secs-not-watching","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/white-house-in-the-memecoin-business-and-the-secs-not-watching\/","title":{"rendered":"White House in the memecoin business \u2014 and the SEC\u2019s not watching"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">The U.S. Securities and Exchange Commission is officially stepping back from regulating memecoins, essentially leaving investors on their own when it comes to volatile tokens like $TRUMP \u2014 a memecoin closely tied to President Donald Trump and his expanding crypto empire. <\/p>\n<p class=\"is-style-default\">In comments this week, SEC Commissioner Hester Peirce made it clear that the agency does not view these tokens as securities and will not offer guidance or protection to traders. <\/p>\n<p class=\"is-style-default\">The move underscores a dramatic shift in Washington\u2019s approach to crypto under Trump, whose own token soared to a $15 billion market cap earlier this year before crashing. With 80% of $TRUMP reportedly held by Trump-affiliated entities, critics warn that the business has glaring conflicts of interest \u2014 and a regulatory vacuum as the president\u2019s family profits from a financial product now officially outside the SEC\u2019s reach.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Peirce compares meme coins to NFT market dynamics<\/h2>\n<p>In an interview with CNBC, Peirce <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2025\/05\/30\/trump-and-other-meme-coins-wont-be-protected-by-sec-hester-peirce.html\" target=\"_blank\">compared<\/a> the current meme coin situation to the 2021 non-fungible token (NFT) boom. She noted that while NFTs weren\u2019t classified as securities, they still experienced major price fluctuations driven by market speculation. The commissioner suggested the SEC missed an opportunity to provide clearer public guidance during that period.<\/p>\n<p>\u201cHere was something where I saw a lot of interest in this out in the world \u2014 in meme coins \u2014 and it made sense for us to say, \u2018People if you are expecting that there\u2019s SEC protection around these, you should not expect that,&#8217;\u201d Peirce said.<\/p>\n<p>The commissioner emphasized that while virtually any asset can be structured as a securities transaction, investors should understand that meme coins operate outside traditional regulatory safeguards. Her message to market participants was clear: proceed with full awareness of the risks involved.<\/p>\n<p>Since Trump\u2019s inauguration, the SEC has adopted a different approach to cryptocurrency enforcement. The administration has moved away from the aggressive regulatory stance of the previous leadership.<\/p>\n<p>Democratic lawmakers, including Senator Richard Blumenthal of Connecticut, have raised concerns about potential conflicts of interest that stemmed from the Trump family\u2019s crypto holdings.<\/p>\n<p>Peirce defended the agency\u2019s changing approach and cited the absence of clear regulatory frameworks during earlier enforcement actions. \u201cWe didn\u2019t have a clear set of rules,\u201d she explained.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The U.S. Securities and Exchange Commission is officially stepping back from regulating memecoins, essentially leaving investors on their own when it comes to volatile tokens like $TRUMP \u2014 a memecoin&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1597","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=1597"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1597\/revisions"}],"predecessor-version":[{"id":1598,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/1597\/revisions\/1598"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1153"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=1597"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=1597"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=1597"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}