US SEC encryption affairs chief: Regulation should be more lenient, and encryption investors should be responsible for their own losses.

Hester Peirce, head and member of the U.S. Securities and Exchange Commission's (SEC) Task Force on Crypto Affairs, said at the Bitcoin 2025 conference that "regulation should be more lenient, and crypto investors should be responsible for their own losses." You can't cry and ask the government for help when things go wrong. You should be free to make choices, and when things go wrong, get up on your own, learn from your lessons, and do better next time. That's the best way to move forward. ” She stressed that most crypto tokens are not securities per securities, and the relevant trading platforms do not need to be registered as stock exchanges; Meme coins, for example, are an example that are "out of the SEC's enforcement concerns." For investors who speculate on meme coins, she bluntly said: "Be like an adult." If you want to speculate, go for it. But if something happens, don't complain about the government. She added, "It's okay for a public company to hold crypto assets, and I'm neutral about that." ”