SEC Commissioner Hester Peirce: Strict regulations ironically benefit 'useless' meme coins Outgoing U.S. SEC Commissioner Hester Peirce @HesterPeirce said in an interview with @scottmelker on September 27 that the crypto industry has historically gone to great lengths to avoid being classified as securities, as entering the securities regulatory framework brings significant pressure. She believes this regulatory environment has led to an ironic outcome: some meme coins openly claim to have 'no utility, no purpose' to steer clear of securities regulations, while projects genuinely trying to create real utility find it harder to grow. Peirce stated that regulations should provide investor protection where applicable, rather than forcing all projects to flee the regulatory framework. Source: The Wolf Of All Streets