Hester Peirce: Memecoins Remain Beyond SEC Protection

user avatar

by Giorgi Kostiuk

2 years 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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Binance Expands into Traditional Finance as Mining Pool Closes

As Binance prepares to shut down its mining pool, the exchange is expanding into traditional finance by providing access to over 7,000 US stocks and ETFs for customers outside the United States.

user avatarMiguel Rodriguez

Binance Announces Closure of Mining Pool Services

Binance has announced the closure of its mining pool and related services effective November 10, 2026.

user avatarLuis Flores

AI Researchers Light Up Cigarettes to Signal Confidence in AI's Cancer Cure Potential

AI researchers are smoking cigarettes to signal their confidence in AI's potential to cure cancer.

user avatarArif Mukhtar

Sony's Plan to Discontinue Physical Game Discs Faces Major Backlash

Sony's announcement to stop producing physical game discs by 2028 has led to significant backlash from the gaming community.

user avatarMaria Gutierrez

Vibe Coders Successfully Port PS5 Games to PC with AnyPS5 Project

Vibe coders are making significant strides in porting PlayStation 5 applications to Windows and Linux through their open-source project, AnyPS5, which aims to convert PS5 game executables into programs that can run natively on PCs.

user avatarDavid Robinson

TRON DAO Reports Significant Growth in Q3 2026

TRON DAO highlights significant growth in transaction volume and network activity in its Q3 2026 ecosystem report.

user avatarAndrew Smith

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.