Memecoins not under SEC oversight, Peirce says as TRUMP losses hit $2B 🧐
SEC Commissioner Hester Peirce has clarified that memecoins, such as TRUMP, are outside the regulatory oversight of the SEC. This statement comes as the TRUMP token has experienced significant declines, resulting in investor losses amounting to $2 billion.
This development highlights the regulatory challenges posed by memecoins, which often attract investor interest despite their volatile nature and uncertain oversight.
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