Memecoins not under SEC oversight, Peirce says as TRUMP losses hit $2B
![Memecoins not under SEC oversight, Peirce says as TRUMP losses hit B Memecoins not under SEC oversight, Peirce says as TRUMP losses hit B](https://i2.wp.com/images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDIvMDE5NGY5ZmMtNDAxOC03MjRlLWFmM2QtZDY0NTI2MzAyNDNh.jpg?w=1200&resize=1200,0&ssl=1)
Source: Coin Tegraph
SEC Commissioner Hester Peirce says memecoins like TRUMP are outside the agency’s jurisdiction as investors lose $2 billion from the token’s decline.
The FinTech Hub