SEC Commissioner Hester Pierce spoke out about the controversial decision made by the SEC in February when the agency stated that meme tokens are generally not considered securities The announcement came at the same time as President Trump and his wife launched their own meme token raising public concerns about possible political connections

Commissioner Pierce explained that since meme coins are attracting significant attention the SEC needed to make a clear statement She emphasized that investors should not expect protection from the SEC in this area because memecoins are not classified as securities$TRUMP $m