Hester Peirce, a senior member of the U.S. Securities and Exchange Commission (SEC), has announced that he has withdrawn from his role in memokine regulation.
This means investors should not expect to see protection or guidance on tokens like Trump.
“There’s a lot of interest in memokine, but people should know this. Don’t expect SEC protection from these assets,” Peirce said in an interview with CNBC. The statement came at the Bitcoin 2025 conference in Las Vegas.
The SEC said in February that most Memecoins are not considered securities under US federal law and do not govern government agencies through assets such as Trump tokens.
Peirce likened the process to NFTS, gaining popularity in 2021, claiming that the SEC should announce its inertness in a clear official statement on the issue.
Meanwhile, since President Trump took office, the SEC has taken a softer, more industry-friendly approach to the cryptocurrency industry, but this strategy has filed a conflict of interest allegation as the Trump family is increasingly involved in crypto.
The Trump Organization and its affiliates control 80% of Trump tokens. The token spiked in January after Trump issued a statement on social media, reaching a market value of $15 billion. But it quickly lost a considerable amount of value. Still, project developers continue to make money thanks to the fees they charge for each transaction.
The White House argues there is no conflict of interest by saying Trump’s assets lie in the trust he manages by his children, but figures such as Democrat Sen. Richard Blumenthal warned that such assets could be “back doors” for foreign or corporate interests to access the president.
SEC member Peirce said the agency’s decision was not politically motivated. “There were no clear rules. There were many questions about how crypto activity intersects with securities law. Now we want to take a step back and write clear rules.”
*This is not investment advice.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
