Hester Peirce Says Memecoins Are More Like Collectibles

• Hester Peirce compares memecoins to collectibles, not securities.
• Her remarks contrast with the SEC’s usual stance on crypto.
• The comment sparks debate over crypto regulation and innovation.

In a surprising shift from the U.S. Securities and Exchange Commission’s (SEC) usual cautious stance on crypto assets, Commissioner Hester Peirce has suggested that memecoins are more like “collectibles” than securities. Her comment highlights a growing divide within the SEC about how to handle the rapidly evolving world of digital assets.

Peirce, often referred to as “Crypto Mom” for her more crypto-friendly views, made the statement during a public discussion on the regulatory treatment of digital assets. By comparing memecoins to collectibles such as baseball cards or art, she argued they often lack the investment characteristics traditionally associated with securities.

What This Means for Crypto Regulation

Peirce’s analogy implies that memecoins might not need to be regulated under the same strict guidelines as other crypto tokens. This contrasts with the SEC’s broader enforcement actions, which frequently label various crypto tokens as unregistered securities.

Her view could open the door for more flexible regulation , especially for tokens that are primarily driven by online communities, humor, and virality rather than investment expectations. However, it also raises new questions about where the line between a collectible and a security should be drawn.

A Boost for Innovation?

For many in the crypto space, Peirce’s comment feels like validation. Memecoins, while often dismissed as jokes, play a big role in Web3 culture and innovation. They create engagement, drive new users into the space, and sometimes even fund serious tech development.

By calling them collectibles, Peirce may be helping to legitimize this quirky corner of the crypto market . Still, whether her view gains traction within the broader SEC remains to be seen.

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