Trump’s Crypto Coins Test SEC Ethics And U.S. Regulatory Integrity
The $TRUMP meme crypto coin web page is displayed on a mobile screen in this photo.
The U.S. Securities and Exchange Commission (SEC) issued a staff statement on February 27, 2025 to clarify its view that most meme coins do not constitute securities under federal law. Described as “akin to collectibles,” these tokens are understood to derive value primarily from social sentiment and speculative demand rather than from profit expectations tied to managerial or entrepreneurial effort.
This interpretive pivot, issued by the Division of Corporation Finance, marked a notable departure from the regulatory posture of former SEC Chair Gary Gensler, whose tenure was both marked and marred by aggressive crypto…
