SEC turns blind eye to Official Trump, memecoin business

The American Commission for Securities and Exchange is officially withdrawn from the same, leaving investors alone with regard to volatile tokens like $ Trump – a same closely linked to President Donald Trump and his cryptographic expansion empire.

In this week’s comments, the SEC commissioner, Hester Peirce, clearly indicated that the agency does not consider these tokens as titles and will not offer advice or protection to merchants.

This decision underlines a spectacular change in the approach of Washington to Crypto under Trump, whose own token climbed a market capitalization of $ 15 billion earlier this year before crashing. With 80% of $ Trump would have been held by entities affiliated with Trump, the criticisms warn that the company has blatant conflicts of interest – and a regulatory vacuum as the president’s family profit Based on a financial product now officially outside the scope of the dry.

Peirce compares the parts even to the dynamics of the NFT market

In an interview with CNBC, Peirce compared The current situation of memes curum to the boom of non -man21 (NFT) non -bubble tokens. She noted that even if the NFTs were not classified as titles, they still experienced significant price fluctuations motivated by market speculation. The commissioner suggested that the SEC had missed the opportunity to provide clearer public councils during this period.

“This is something where I have seen a lot of interest in this world – in coins – and it was logical for us to say:` `people if you expect the protection of the dry around them, you should not expect, ” said Peirce.

The Commissioner stressed that, although practically all assets can be structured as a transaction in securities, investors must understand that the same parts operate outside traditional regulatory guarantees. His message to market players was clear: to fully aware of the risks involved.

Since the inauguration of Trump, the SEC has adopted a different approach to the application of cryptocurrencies. The administration has moved away from the aggressive regulatory position of the previous management.

Democratic legislators, including Senator Richard Blumenthal du Connecticut, have raised concerns about conflicts of potential interests from cryptographic assets of the Trump family.

Peirce defended the agency’s changing approach and cited the absence of clear regulatory executives during previous application measures. “We didn’t have a clear set of rules,” she said.