U.S. SEC Commissioner Hester Peirce has clarified that meme tokens, including TRUMP tokens, fall outside the regulatory scope of the SEC. Speaking to CNBC, Peirce emphasized that these tokens are not considered securities, and thus, investors should not anticipate regulatory protection. She likened the situation to the NFT boom in 2021, where the SEC also refrained from intervention, noting that the value of such tokens is driven by market activities rather than regulatory oversight.