Outside Source
SEC Commissioner Hester Peirce says memecoins like TRUMP are outside the agency’s jurisdiction as investors lose $2 billion from the token’s decline.
News
Memecoins like US President Donald Trump’s Official Trump (TRUMP) token do not fall under the jurisdiction of the Securities and Exchange Commission, according to Commissioner Hester Peirce.
Amid reports that investors have lost about $2 billion on Trump’s memecoin in a matter of weeks, Peirce said most memecoins are not subject to SEC oversight.
This article first appeared at Cointelegraph.com News
