Meme Coins Escape SEC Regulation Says Peirce

SEC’s Hester Peirce on Meme Coins and Regulatory Shifts

• Hester Peirce suggests many meme coins likely fall outside the SEC’s regulatory framework.
• The SEC plans to shift from enforcement actions to setting clear regulatory policies.
• Peirce emphasizes evaluating each meme coin on a case-by-case basis.
• She advocates for creating basic parameters that allow innovation while maintaining investor protection.
• The SEC is collaborating with the CFTC on issues like derivatives policy and crypto regulation.

Hester Peirce, head of the SEC’s crypto task force, indicated that many meme coins might not be under the SEC’s jurisdiction. The agency aims to move from enforcement-based regulation to clearer policy-making, focusing on fostering innovation within defined parameters while ensuring investor protection.