• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Hester Peirce: Memecoins Remain Beyond SEC Protection

user avatar

by Giorgi Kostiuk

a year ago


SEC member Hester Peirce, widely known as 'Crypto Mom', has once again issued a warning about the dangers of investing in memecoins.

Warning from Hester Peirce

Hester Peirce, known for her positive approach to cryptocurrencies, has once again highlighted the risks of memecoins. She emphasized that memecoin investors are not shielded by federal regulators. This statement came the same day LIBRA memecoin was alleged to be a scam.

"You're on Your Own if You Suffer Losses"

On the Bankless podcast, Peirce warned memecoin investors not to expect protection or assistance if they endure financial losses, noting that memecoins may fall outside the jurisdiction of federal regulatory bodies.

Investor Responsibility

Peirce assured investors of the need for prudent risk management, emphasizing that government protection should not be counted on. She reminded traders that memecoins may elude SEC oversight and called upon them to take responsibility for their investments.

Just because something is very popular doesn't mean it falls under SEC jurisdiction. I am a big believer in people having the freedom to spend their money however they want, but we must accept the responsibility that comes with those choices.

Peirce's warnings underscore the necessity of responsibility and a cautious approach when investing in volatile assets such as memecoins.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Capital B Secures Shareholder Approval for Aggressive Bitcoin Treasury Strategy

chest

Capital B has received shareholder backing for a significant Bitcoin treasury financing plan, allowing the company to raise capital for future BTC accumulation.

user avatarAndrew Smith

Capital B Aims to Become Major European Bitcoin Treasury Company

chest

Capital B is positioning itself as a European corporate Bitcoin treasury vehicle with a long-term goal of acquiring 1% of Bitcoin's circulating supply by 2033.

user avatarDavid Robinson

Morgan Stanley Proposes Low-Fee Ethereum and Solana ETFs

chest

Morgan Stanley has proposed low-fee Ethereum and Solana ETFs with a 0.14% annual sponsor fee, retaining 95% of staking rewards for investors.

user avatarJacob Williams

AllUnity Expands Europe's Stablecoin Market with SEKAU

chest

AllUnity has launched SEKAU, a Swedish krona-backed stablecoin designed for institutional settlement and digital payments under the EU's MiCA framework.

user avatarZainab Kamara

Safety Tips for Crypto Users Amid Malware Threat

chest

Microsoft provides practical safety tips for cryptocurrency users to avoid falling victim to clipboard malware.

user avatarAyman Ben Youssef

New Malware Campaign Targets Crypto Users

chest

Microsoft Threat Intelligence reports a new malware campaign named TrojanWin32CryptoBanditsA targeting cryptocurrency users by manipulating clipboard data.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.