Meme coins have become very popular in the world of encryption. It is fun, unpredictable, and is often associated with Internet or celebrities. But are they considered securities? Hyster Pears, head of the SEC Checks Square, says they may not do so.
In an interview with Bloomberg, Pierce was asked about Donald Trump and his wife, Melania, where they launched their Solana Mimi currencies, Trump and Melania. She said that these types of coins are more likely to be under SEC.
“Many people are launching Mimi currencies at the present time,” Pierce said. “But most of them may not belong to the rules of the Supreme Education Council.”
This indicates that SEC may not be strict on Meme currencies as before. During the era of President Biden, SEC filed a lawsuit against many encryption companies for selling unregistered securities. Pierce, however, follow a different approach.
The Securities and Stock Exchange Commission said that the mechanics are not securities
This is the full 180 Gary Ginsler, who tried to say every encrypted currency was a security
Memecoins are holdings, and they are very bullies for Mimi Space and Solana
– Borovic (@3orovik) February 11, 2025
Hester People’s Comments: If not SEC, who will organize meme currencies?
If SEC does not organize coins, then who will do? Pears suggested that Congress or the CFTC futures. She said that current laws do not classify coins as securities.
Some experts are concerned that leaving irregular coins may harm the industry. They argue that these symbols encourage risky trade, especially for beginners. Instead of supporting solid encryption projects, money flows to short -term speculation.
SEC’s position is that MeMe currencies are not a major shift from the previous Gensler’s extension, making them optimistic about the Meme ecological system. However, the market did not interact much, probably because it was expected, and the remaining uncertainty, and fragile market conditions.
Memecoins, being the origins of risks, you need a stronger feeling or a broader gathering of height. Currently, the market is still cautious despite organizational clarity.
Meme currencies are digital symbols based on jokes, trends or famous people. Unlike Bitcoin or Ethereum, they often do not have a strong technical basis. Its value can rise or decrease quickly. Some merchants make huge profits, while others lose money when the noise fades.
For example, Trump’s climax reached $ 73 before Trump’s inauguration. Since then, it has decreased by about 80 % to about $ 15.36. It does not look good.
(Trumpusdt)
Trump, encryption, and future organization: Will Mimi coins be flourished or have more chaos?
Under Biden, Bitcoin was the only encryption called a commodity. Most other symbols were securities. But this can change under Trump. The last approval of Ethereum ETF indicates that more encryption may be treated as goods instead.
Many encryption investors believe that PEIRCE position is useful for Meme currencies. Others warn that large fraud and losses may become more common without organizing.
Mel coins are a fast -moving part of encryption. Some merchants love them, while others see them as risky. Hyster Pears believes that the Supreme Education Council will not organize it severely. But this does not mean that it is safe.
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