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SEC head of crypto affairs: Regulation should be looser, and crypto investors should be held responsible for their own losses

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2025-05-29 21:02:19
"Regulation should be looser and crypto investors should take responsibility for their losses," Hester Peirce, head of the Securities Exchange Commission's crypto task force, told the Bitcoin 2025 conference. "You can't cry to the government when things go wrong. You should be free to choose, and when things go wrong, stand up for yourself, learn from your mistakes and do better next time. That's the best way to move forward."
She stressed that most crypto tokens were not securities in themselves and that trading platforms did not need to register as stock exchanges; Meme, for example, was an example of "not within the scope of SEC enforcement attention". As for investors hyping Meme, she bluntly said: "Be like an adult. If you want to speculate, go ahead. But when something goes wrong, don't complain about the government." She added: "It's okay for public companies to hold crypto assets, and I'm neutral about that."
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