SEC Commissioner Hester Peirce stated that many memecoins may not be under the jurisdiction of the U.S. Securities and Exchange Commission (SEC). Speaking with Bloomberg, she noted that individuals who buy tokens without a clear long-term value proposition should be prepared for potential price drops. Peirce emphasized that the SEC's existing regulations might not cover many of these memecoins. This statement follows the establishment of a new Crypto Task Force led by Peirce, aimed at providing clarity in crypto regulation while moving away from the previous administration's enforcement-first approach. The task force's goals include clarifying the definitions of crypto assets, addressing registration pathways, and discussing the role Congress may play in potential regulatory adjustments. Peirce affirmed individual rights in making investment decisions while underscoring personal responsibility without reliance on government intervention.

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