Las Vegas, Nevada – you should not be a libertarian crypto that has been crying for the help of the Government when things are going wrong, according to Hester Peirce, head of the Crypto Task Force of the United States Stock Exchange and Securities Commission.
“I think that sometimes something bad happens in this space, people who are remarkably free thinkers, people of libertarian mentality, enter and say: ‘Where was the government? Why didn’t they protect me? Hey, Mom Cryptoe, where is my rescue?'” He told a crowd in Bitcoin 2025 in Las Vegas, referring to his injection of the industry.
“Come on, let’s have some consistency,” Peirce continued. “Yes, you should have freedom to make your own decisions, and when it goes wrong, get off, dust you, learn from it and do it better next time. And that is the best way to move forward.”
Since the Republicans took control of the SEC, including Commissioner Peirce and newcomer President Paul Atkins, have worked to issue statements and directives to escape the corners of the cryptographic sector of the agency’s jurisdiction, including memecoras, some cryptographic miners and certain watertightness. But there is still a policy formulation route that the agency has begun, while legislators in Congress are also working on sweeping new laws that could establish their agenda.
The SEC has a lot of current authority to clarify the nature of cryptographic values, Peirce said, but if people want a federal regulator of the United States for retail trade, they will need Congress to produce legislation for that to happen. She asked her audience on Thursday, if they wanted a federal cryptography regulator.
“NO!” Someone shouted.
“There you have an answer,” he joked.
Peirce said that most cryptographic tokens are not values in themselves, and as a result, trade platforms that handle them should not need to register with the SEC unless they also touch the world of values.
When asked about Memecoins, who according to an agency statement is outside his application interests, Peirce offered it as an example of where investors must monitor themselves.
“Be an adult,” he said. “If you want to participate in speculation, do it. But if something goes wrong, do not come to complain to the government about it.”
And as for the tendency of companies that put digital assets in their own treasure bonds, he said that public companies have the right to do what they want, as long as they reveal it properly.
“They can make their own decisions,” he said. “I am agnostic.”
