The SEC Task Force Chief says crypto traders need to grow rather than shouting at the government

Las Vegas, Nevada – According to Hester Perth, chief of the Securities and Exchange Commission’s Cryptographic Task Force, you should not be a crypto libertarian crying for government help when things go badly.

“When something bad happens in this space, people who are libertarian conscious say, “Where was the government? Why were you not protecting me?”

“Now, let’s be consistent,” Perth continued. “Yes, you should have the freedom to make your own choices, and when it’s wrong, you should pick up yourself, dust yourself, learn from it, and do better next time. That’s the best way to move forward.”

Ever since Republicans took control of the SEC, including Commissioner Perth and newly arrived Chairman Paul Atkins, they have worked to issue statements and instructions to carve out corners of the crypto division from the institution’s jurisdiction, including members, several crypto mining, and certain stability. But while legislators work on a sweeping of new laws that could set further agenda, there remains a pathway for government-initiated policy decisions.

The SEC has many current authority to clarify the nature of cryptocurrency securities, Peirce said, but if people want US federal regulators for retail, they need Congress to create Congress to make it happen. She asked the audience Thursday whether they wanted a federal crypto regulator.

“No!” someone cried.

“I’ll go there, you have one answer,” she said.

Peirce said that most crypto tokens are not securities in themselves, so as a result, the trading platforms that process them do not need to register with the SEC, unless they also touch on the world of securities.

Asked about Memecoin, who said the agency’s statement was outside of enforcement profits, Perth provided it as an example of where investors need to look for themselves.

“Becoming an adult,” she said. “If you want to engage in speculation, go for it. But if something goes wrong, don’t complain to the government about it.”

And regarding the tendency for companies to put digital assets into their own Treasury department, she said public companies have the right to do what they like, as long as they properly disclose it.

“They can make their own decisions,” she said. “I am agnostic.”