• 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 €152 Million in Private Share Placement

chest

Capital B, a major Bitcoin treasury company in Europe, has successfully raised €152 million through a private share placement, with significant backing from Blockstream CEO Adam Back and asset manager TOBAM.

user avatarDiego Alvarez

Crypto Investors Rally Behind Solana as a Core Financial Asset

chest

Support for Solana (SOL) is growing among crypto investors who believe it could serve as a key financial infrastructure asset in an agent-driven economy.

user avatarKenji Takahashi

Altcoin Market Shows Signs of Structural Shift

chest

The altcoin market is experiencing a significant increase in trading volume, indicating a potential structural shift in market participation.

user avatarMaria Fernandez

Crypto Market Stabilizes Near $200 Billion

chest

The total crypto market cap stabilizes near $200 billion after a period of weakness, indicating a potential shift in market sentiment.

user avatarGustavo Mendoza

Strategys Phong Le Emphasizes the Importance of Software in Bitcoin Strategy

chest

Phong Le emphasizes the interconnectedness of Strategy's Bitcoin identity and its software business, arguing that both reinforce each other.

user avatarRajesh Kumar

Senate Banking Committee to Markup CLARITY Act on May 14

chest

The Senate Banking Committee is set to hold a markup of the long-awaited CLARITY Act on May 14, following significant delays and disputes.

user avatarMiguel Rodriguez

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.