• 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

BNB Chain Positioned for Growth Post-CLARITY Act

chest

Grayscale's Head of Research identifies BNB Chain as a leading ecosystem poised to capture institutional flows following the anticipated CLARITY Act.

user avatarElias Mukuru

VanEck Launches First US Spot ETF for BNB

chest

VanEck has launched the first US exchange-traded fund (ETF) providing spot exposure to BNB, marking a significant milestone for the BNB Chain ecosystem.

user avatarBayarjavkhlan Ganbaatar

Spot ETFs and Institutional Investments Influence Bitcoin Market Dynamics

chest

The growing influence of Spot ETFs and institutional investment vehicles is reshaping Bitcoin's market dynamics and participation levels.

user avatarMohamed Farouk

Potential Recovery Signals for Ethereum Against Bitcoin

chest

Ethereum shows signs of potential recovery against Bitcoin, with the ETHBTC pair reaching a support zone that may lead to increased inflows.

user avatarDiego Alvarez

Ethereum Faces Significant Decline Against Bitcoin

chest

Ethereum has experienced a notable drop against Bitcoin, marking 14 consecutive lower closes.

user avatarKenji Takahashi

Polymarket's Credibility at Stake Amid Ongoing MicroStrategy Dispute

chest

The ongoing dispute over MicroStrategy's Bitcoin sale has raised serious questions about Polymarket's credibility and the integrity of its voting system.

user avatarMaria Fernandez

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.