The SEC will no longer regulate meme coins like $TRUMP, leaving investors vulnerable. Hester Peirce cautions that investors should not expect protection against scams or market manipulation.
As the SEC shifts focus by dropping its lawsuit against Binance and emphasizing regulatory clarity, concerns about foreign influence and financial gain from meme tokens persist.
Peirce critiques the SEC’s past unclear regulations. The agency has stepped back from strict oversight, raising alarms among lawmakers about potential political risks linked to meme coin trading.
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