SEC Commissioner Hester Peirce asserted in a February 11, 2025 interview that the SEC lacks clear jurisdiction over most memecoins and suggested that Congress or other regulatory bodies may need to step in.

Quotes that support claims

Many of the memecoins that are out there probably do not have a home in the SEC under our current set of regulations

If Congress wants to address, they can do that; maybe something that the CFTC wants to address, but many of those, I think, probably are not under our jurisdiction.