news4global
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    🚹 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚹 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15 May 2022 à€Źà„œà„€ à„™à€Źà€° 🚹 Luna Crypto News Today | Why Crypto Market Going Down Today

    15 May 2022 à€Źà„œà„€ à„™à€Źà€° 🚹 Luna Crypto News Today | Why Crypto Market Going Down Today

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • VideosHot
    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Luna coin news today tamil | New Token Coming | Luna Classic | Luna coin tamil | Luna coin latest

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    Ripple XRP Price News Today Technical Analysis – Ripple XRP Price Now! Elliott Wave Analysis!

    🚹 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    🚹 Crypto Big Crash ? | Top Altcoin to buy Now | Crypto News Today | Bitcoin News | Luna Coin News

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    How Terra Luna Changed EVERYTHING in Crypto (#1 Takeaway)

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    Something MASSIVE coming for Bitcoin! – Cryptocurrency News Today

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    VeChain (VET) Price News Today – Technical Analysis Update, Price Now! Elliott Wave Analysis!

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15/05/2022| Cryptocurrency Tamil news today | Shiba inu coin news | luna crypto news | Bitcoin Tamil

    15 May 2022 à€Źà„œà„€ à„™à€Źà€° 🚹 Luna Crypto News Today | Why Crypto Market Going Down Today

    15 May 2022 à€Źà„œà„€ à„™à€Źà€° 🚹 Luna Crypto News Today | Why Crypto Market Going Down Today

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

    Crypto news today | Shiba inu coin news today | Crypto market crash today | luna crypto coin news

No Result
View All Result
news4global
No Result
View All Result
Home Market

SEC Commissioner Hester Peirce Opposes Crypto Bailouts

June 21, 2022
Reading Time: 3 mins read
0
SEC Commissioner Hester Peirce Opposes Crypto Bailouts
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

DAR Crypto Asset Prices Now Available on the Bloomberg Terminal

DAR Crypto Asset Prices Now Available on the Bloomberg Terminal

June 21, 2022
DFPI Bulletin Digest: June 2022

DFPI Bulletin Digest: June 2022

June 20, 2022

Key Takeaways

  • SEC Commissioner Hester Peirce commented on the ongoing bear market in an interview published by Forbes.
  • Peirce opposed the the idea of bailouts for cryptocurrency projects and implied the bear market would ultimately be healthy for industry.
  • She also warned that scammers may take advantage of investor desperation to commit fraud during turbulent markets.

Share this article

SEC Commissioner Hester Peirce has suggested in an interview with Forbes that she would oppose bailouts for crypto projects, though she remains friendly toward the space.

Peirce Condemns Crypto Bailouts

Following TerraUSD’s collapse and Celsius’ decision to freeze withdrawals, market prices have fallen drastically. The price of Bitcoin is now $20,800, its lowest since December 2020.

Hester Peirce, however, has suggested that the ongoing bear market will help build a stronger foundation for the crypto industry. Peirce commented that the present moment is “not only for market participants to learn but
 also for regulators to learn.”

Though some companies may seek bailouts, Peirce suggested that bailouts are outside the Securities and Exchange Commission’s authority. Furthermore, she said that she does not support bailouts for cryptocurrency companies.

She added that crypto “does not have a bailout mechanism” and that this absence is “one of the strengths of that marketplace,” implying the crypto market has some ability to self-regulate. She concluded: “We really need to let these things play out.”

Peirce went on to advise investors to be wary of any service that promises high returns. In that case, investors “need to be asking questions about its associated risks,” she said.

Beyond the topic of bailouts, Peirce noted that the SEC may receive more tips on fraud under the current conditions. She warned that scammers may take advantage of investor desperation resulting from the bear market.

Peirce Remains Pro-Cryptocurrency

Peirce has historically advocated for moderate cryptocurrency regulations. She is responsible for the SEC’s Safe Harbor proposal, which would allow new crypto projects to develop quickly.

In this week’s Forbes interview, Peirce also expressed positive sentiments toward the Responsible Financial Innovation Act—a  bipartisan bill that would set out clear rules for the crypto industry. It was unveiled earlier this month by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY).

Peirce also made comments in favor of Bitcoin ETFs in a speech last week. The SEC has rejected all spot Bitcoin ETFs to date. In her statement, Peirce urged the regulator to “stop denying categorically spot crypto exchange-traded products.”

Commissioner Peirce has served as the SEC’s most pro-cryptocurrency regulator since early 2018. She will likely step down from her position when her term ends in 2025.

Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and other cryptocurrencies.

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.

Share76Tweet47

Related Posts

DAR Crypto Asset Prices Now Available on the Bloomberg Terminal

DAR Crypto Asset Prices Now Available on the Bloomberg Terminal

by admin
June 21, 2022
0

Intraday prices, which are calculated every second and priced in the quote currency of the trading pair, are found on...

DFPI Bulletin Digest: June 2022

DFPI Bulletin Digest: June 2022

by admin
June 20, 2022
0

The June 2022 DFPI Bulletin focuses on public comments regarding crypto assets, consumer complaints and national homeownership month, among other...

Circle CEO Jeremy Allaire on cryptocurrency market turmoil | Your Money

Circle CEO Jeremy Allaire on cryptocurrency market turmoil | Your Money

by admin
June 20, 2022
0

NEW YORK (AP) — Circle is the cryptocurrency company behind USD Coin, the second-largest so-called “stablecoin” in the crypto industry.Unlike...

Solend pays users to vote on proposal to liquidate whale wallet OTC and avoid “bad debt”

Solend pays users to vote on proposal to liquidate whale wallet OTC and avoid “bad debt”

by admin
June 19, 2022
0

👋 Want to work with us? CryptoSlate is hiring for a handful of positions!Solend, a Solana-based lending platform with over...

Protocon Announces Contract Model By BTC Peers

MicroStrategy CEO Discusses Current Crypto Market Situation By CoinQuora

by admin
June 19, 2022
0

© Reuters. MicroStrategy CEO Discusses Current Crypto Market Situation The CEO of MicroStrategy, Michael Saylor, recently sat down with @NorthmanTrader...

Load More
  • Trending
  • Comments
  • Latest

Bitcoin Is ‘Definitely Not a Fraud,’ CEO of Mobile-Only Bank Revolut Says

March 2, 2022

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

March 3, 2022
How online shopping has changed over the last 30 years | National

How online shopping has changed over the last 30 years | National

April 6, 2022

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

March 4, 2022

US Commodities Regulator Beefs Up Bitcoin Futures Review

0

Bitcoin Hits 2018 Low as Concerns Mount on Regulation, Viability

0

India: Bitcoin Prices Drop As Media Misinterprets Gov’s Regulation Speech

0

Bitcoin’s Main Rival Ethereum Hits A Fresh Record High: $425.55

0
Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession

Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession

June 22, 2022
SEC Commissioner Hester Peirce Opposes Crypto Bailouts

SEC Commissioner Hester Peirce Opposes Crypto Bailouts

June 21, 2022
Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession

Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession – Featured Bitcoin News

June 21, 2022
Trevor Lawrence reportedly loses $22 million due to cryptocurrency crash, Bitcoin, salary, Jacksonville Jaguars, Odell Beckham Jr, full salary paid in Bitcoin, latest, updates

Trevor Lawrence reportedly loses $22 million due to cryptocurrency crash, Bitcoin, salary, Jacksonville Jaguars, Odell Beckham Jr, full salary paid in Bitcoin, latest, updates

June 21, 2022

Latest News

Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession

Elon Musk Discusses Crypto Investing, Dogecoin Support, ‘Unresolved’ Twitter Issues, and Near-Term Recession

June 22, 2022
SEC Commissioner Hester Peirce Opposes Crypto Bailouts

SEC Commissioner Hester Peirce Opposes Crypto Bailouts

June 21, 2022

Categories

Site Navigation

  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services
  • Home
  • About us
  • Contact us
  • Privacy policy
  • Terms and services

© 2022 Designed by news4global

No Result
View All Result
  • Home
  • Bitcoin
  • Blockchain
  • Business
  • Latest news
  • Market
  • Regulation
  • Videos

© 2022 Designed by news4global