Las Vegas, Nevada – You should not be a Crypto libertarian coming from government help when things are not good, according to Hester Peirce, the head of the Crypto Task Force at the US Securities and Exchange Commission.
“In my opinion, sometimes, when something bad happens in this space, people who are so wide-hearted, libertarian-minded people, come in and say, ‘Where’s the government? Why don’t you protect me? Hey, Crypto Mom, where’s my bail?'” He told a crowd at Bitcoin 2025 in Las Vegas, referring to his industry.
“C’mon, let’s have the same,” Peirce continued. “Yes, you must have the freedom to make your own choices, and when it is wrong, choose yourself, dust yourself, learn from it and do better next time. And that’s the best way to move forward.”
Because the Republicans control the SEC, including commissioner Peirce and new chairman Paul Atkins, they worked to issue statements and directives to engage corners of the crypto sector from the agency’s scope, including memecoins, some crypto mining and some stablecoins. But there is a path of agency policy to begin as lawmakers in Congress are also working on sweeping new laws that can set its agenda.
The SEC has many current authorities to clarify the nature of crypto security, Peirce said, but if people want a federal US regulator for retail trade, they will need Congress to make law to happen. He put the question to his audience on Thursday, if they wanted a federal crypto regulator.
“No!” Someone shouted.
“There you go, you have an answer,” he stopped.
Peirce said most crypto tokens are not itself security, and as a result, trading platforms do not need to register with the SEC unless they also hold the security world.
Asked about Memecoins, who said an agency’s statement that out of the interests of its implementation, Peirce offered it an example where investors had to search themselves.
“Be an adult,” he said. “If you want to get involved in the speculation, go for it. But if something goes wrong, don’t complain to the government about it.”
And about the trend of companies that put digital assets into their own treasures, he said public companies have the right to do what they want – as long as they have revealed it properly.
“They can make their own decisions,” he said. “I’m agnostic.”
