SEC Commissioner Peirce: $TRUMP and other meme coins are not within the SEC's regulatory scope.

According to Deep Tide TechFlow news on May 31, CNBC reported that U.S. SEC Commissioner Hester Peirce recently stated that meme coins like $TRUMP Token are not within the SEC's regulatory scope, and investors should not expect regulatory protection.

Peirce told CNBC, "This situation is similar to the one during the NFT boom in 2021. They are not securities, but their value fluctuates based on the activities of investors in the market. The SEC missed the opportunity to publicly announce that it would not intervene."

During an interview at the Bitcoin 2025 conference in Las Vegas, Peirce pointed out: "Almost anything can be packaged as a security. But overall, it makes sense to let people know that I shouldn’t expect the SEC to provide protection in this area."