SEC Official Emphasizes Investor Responsibility in Cryptocurrency Decisions

According to PANews, Hester Peirce, head of the U.S. Securities and Exchange Commission's (SEC) crypto working group, stated at the Bitcoin 2025 conference that cryptocurrency investors should be accountable for their investment decisions rather than seeking government assistance in the event of losses. Peirce emphasized that those advocating for free choice should learn from investment failures instead of demanding bailouts. Peirce noted that most crypto tokens are not securities, and related trading platforms do not need to register with the SEC unless they engage in securities-related activities. Regarding the recent popularity of meme coins, she clearly stated that this is a speculative area where investors must assume their own risks. On the issue of publicly traded companies holding crypto assets, Peirce maintained a neutral stance, stressing the importance of proper information disclosure. Recently, the SEC has issued a policy statement excluding meme coins, certain mining activities, and stablecoins from its regulatory scope. Peirce mentioned that the SEC is working to clarify the regulatory boundaries for digital asset securities, but a specific regulatory framework for retail crypto trading still requires congressional legislation. When asked whether federal crypto regulation is necessary, the audience responded with a clear opposition.