The head of the SEC's encryption working group: Crypto traders need to grow up, rather than cry to the government.

On May 30, PANews reported, according to CoinDesk, that Hester Peirce, head of the U.S. SEC’s crypto working group, stated at the Bitcoin 2025 conference that crypto investors should be responsible for their investment decisions rather than seeking government bailouts when facing losses. The commissioner emphasized, “If you advocate for free choice, you should learn from your investment failures instead of requesting assistance.” Peirce pointed out that most crypto tokens are not securities, and related trading platforms do not need to register with the SEC unless they are involved in securities-related business. Regarding the recent popular Meme coins, she clearly stated that this falls within the speculative area where investors must bear their own risks. On the issue of publicly listed companies holding crypto assets, Peirce maintained a neutral stance, only emphasizing the need for proper information disclosure. The SEC has recently passed a policy statement excluding Meme coins, certain mining activities, and stablecoins from its regulatory scope. Peirce stated that the SEC is clarifying the regulatory boundaries of digital asset securities, but the specific regulatory framework for retail encryption trading still needs to be established by congressional legislation. When the live audience was asked whether federal encryption regulation is needed, the response was a clear opposition.