Peirce’s hands-off stance is a marked shift away from the SEC’s approach to crypto regulation under former Chairman Gary Gensler, who frequently asserted that all crypto tokens aside from Bitcoin were securities
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SEC’s Peirce Says ‘Many’ Memecoins Likely Fall Outside Regulator’s Jurisdiction
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Hester Peirce signaled a shift in the SEC’s regulatory approach on February 11, 2025, stating that many memecoins likely fall outside the agency’s jurisdiction, contrasting with former Chair Gary Gensler’s stance that most crypto tokens should be classified as securities and regulated through enforcement actions.
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