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WebsCrypto—News—Business News—SEC Commissioner: Don’t Support Bailouts for Collapsing Digital Asset Companies
Business News

SEC Commissioner: Don’t Support Bailouts for Collapsing Digital Asset Companies

By WebsCryptoJune 21, 2022
SEC Commissioner: Don’t Support Bailouts for Collapsing Digital Asset Companies
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Although SEC Commissioner Hester Peirce, aka Crypto Mom, is optimistic about the growth of the cryptocurrency industry, she will by no means support saving the industry from the crisis.

On Friday, she claimed that the lack of such a mechanism is actually a force in the market. In an interview with Forbes, Peirce clarified that the SEC does not have the authority to be the “systemic risk regulator” and to decide which agencies require government guarantees.

Even so, however, she would not support such a measure against the crypto platforms facing trouble today — especially if they are irresponsibly over-leveraged.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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