SEC Chief Urges Crypto Traders to Accept Responsibility for Risks
Hester Peirce, chief of the crypto task force at the U.S. Securities and Exchange Commission (SEC), addressed attendees at Bitcoin 2025 in Las Vegas, emphasizing self-reliance in the crypto space:
- Criticized crypto libertarians who seek government assistance after losses.
- Advocated for personal responsibility: "Pick yourself up, dust yourself off, learn from it."
- Under Republican leadership, SEC is clarifying its jurisdiction over certain crypto areas like memecoins and some stablecoins.
- Stated that most crypto tokens are not securities, thus trading platforms do not need SEC registration unless involved with securities.
- Encouraged investors to take precautions and be responsible for their speculative investments.
- Public companies can include digital assets in their treasuries, provided they disclose this adequately.
Peirce's remarks highlight a growing trend towards individual accountability in cryptocurrency investments.