Las Vegas, Nevada – You should not be a Crypto Liberterian who, according to Heter Peerus, the head of the Crypto Task Force in the US Securities and Exchange Commission, starts crying when things go badly, when things go badly, crying to help the government.
“I think sometimes, when something bad happens in this space, those people who are remarkably independent thinkers, blessed people, come and say, ‘Where were the government? Why were you not protecting me? Hey, Crypto Mom, where my bailout is?”
“Come on, let’s have some stability,” continued Peerce. “Yes, you should have the freedom to make your choice, and when it goes wrong, raise yourself, dust yourself, learn from it and do better next time. And this is the best way to move forward.”
Since Republican controlled the SEC, including the Commissioner Peerus and the chairman of the Newly arrival Paul Atkins, he has worked to release statements and instructions to exclude the corners of Crypto sector from the agency’s jurisdiction, including mamcoin, some crypto mining and some stabelin. But there remains a route of policy making, the agency has started, while the legalists in the Congress are also working on broadening new laws that can determine the further agenda.
The SEC has a lot of current authority to clarify the nature of Crypto Securities, Pairus said, but if people want an American federal regulator for retail trade, they will need Congress to make laws to do so. He questioned his audience on Thursday, wanted a federal crypto regulator.
“No!” Someone shouted.
“You go there, you have an answer,” he took a pinch.
Peerce stated that most crypto tokens are not securities themselves, and as a result, trading platforms should need to be registered with SEC to handle them unless they are touching the securities world.
Asked about Memcoins, who said in an agency’s statement that he is out of its enforcement interests, Peerce introduced it as an example, where investors need to look out for themselves.
“Be an adult,” he said. “If you want to engage in speculation, go for it. But if something goes wrong, do not complain to the government about it.”
And to put digital assets in their own treasures for the trend of companies, he said that public companies are entitled to do what they like – until they are disclosing it properly.
“They can make their decisions,” he said. “I am the unknowable.”
