SEC member Hester Peirce, also known as Crypto Mom, has issued a warning regarding memecoins, which are digital currencies based on internet memes. Peirce emphasized that memecoin investors are not protected and should not expect government intervention or bailouts if they experience significant losses. She reminded traders that memecoins may fall outside the jurisdiction of the SEC and urged them to take responsibility for their investments. Despite the popularity of memecoins, Peirce cautioned against relying on the SEC for reassurance if prices decline.



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