TechFlow reported, citing Cointelegraph, that Nic Puckrin, co-founder and CEO of Coin Bureau, commented on the LIBRA meme coin incident—previously endorsed by Argentine President Milei before rapidly collapsing—stating that regulators should bear primary responsibility for such events. He emphasized that the regulatory vacuum from agencies like the SEC has led to a surge in meme coin scams involving celebrities and political figures.
Hester Peirce, head of the SEC’s Crypto Task Force, previously stated that meme coin regulation falls outside the SEC’s jurisdiction and should instead be handled by Congress and the CFTC. In response, Puckrin argued that the crypto ecosystem cannot self-regulate and that the meme coin market cannot remain in a "lawless Wild West" state. He urged the U.S. Department of Justice to allocate more resources to combat the most severe cases of wire fraud, money laundering, and market manipulation.
Christopher Perkins, president of CoinFund and former CFTC member, holds a different view, calling meme coins "one of the few crypto assets currently enjoying regulatory clarity," noting that any fraudulent or market-manipulative activities are already illegal under existing laws. According to analysis by Traders Union, most jurisdictions worldwide have yet to establish specific regulatory guidelines for the meme coin industry.
