Memecoins not under SEC oversight, Peirce says as TRUMP losses hit $2B
SEC Commissioner Hester Peirce says memecoins like TRUMP are outside the agency’s jurisdiction as investors lose $2 billion from the token’s decline.
![Memecoins not under SEC oversight, Peirce says as TRUMP losses hit $2B](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NGY5ZmMtNDAxOC03MjRlLWFmM2QtZDY0NTI2MzAyNDNh.jpg?#)
SEC Commissioner Hester Peirce says memecoins like TRUMP are outside the agency’s jurisdiction as investors lose $2 billion from the token’s decline.