US Securities and Exchange Commission (SEC) Commissioner Hester Peirce has acknowledged that the financial regulator may not have the authority to regulate most memecoins.
In a Bloomberg interview of 11 February, the financial supervisor pointed out that the current laws do not classify these tokens as effects, leaving a gap.
According to her:
“There are now many people who introduce Memecoins [and] Facts and circumstances are important. But many of the memecoins that are available probably have no house in the SEC under our current set of regulations. “
Peirce suggested that the congress may have to introduce legislation to clarify the regulatory landscape. She also noted that the Commodity Futures Trading Commission (CFTC) could supervise these assets.
Collection objects?
Crypto consultant David Sacks from the White House suggested that Memecoins should be classified as collective objects instead of financial effects.
According to him, these assets derive their value from market sentiment instead of investment contracts.
He noticed:
‘[Memecoins are] Collection objects. It is like a baseball card or a stamp. People buy it because they want to commemorate something. “
ETF shop president Nate Geraci repeated this sentiment and claimed that memecoins did not fall under the definition of the effects of the SEC. He also compared the assets with digital collective objects.
Geraci said:
“Memecoins [are] More related to collecting objects IMO. “
Rising memecoin interest
In the past year, Memecoins increased in popularity despite their speculative nature. Often inspired by internet culture or public figures, these tokens rarely promise an intrinsic value.
The popularity of this assets is proven by the fact that US President Donald Trump and his wife, Melania, each launched their memecoin. More recently, the Central African Republic has also issued its own token, car, on the Solana-based pump.Fun platform.
As a result, Crypto -Influencer Ansem believes that Memecoins will remain an important part of the digital assets space. He emphasized that social trends and internet virality feed their popularity.
He added:
“Memecoins will never die because social trends and virality online are such major motives for the cohort of people who trade these markets – so it will always have their own sector.”
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