SEC Official Against Saving Crypto Companies: Downturns Separating Powerful Company

Hester Peirce, an official with the US Securities and Exchange Commission (SEC), stated that she is opposed to bailing out crypto companies.

Hester Peirce, one of the most welcoming officials in the SEC about cryptocurrencies, told Forbes in an interview. decline in the cryptocurrency market He said he would separate the strong companies from the weak ones.

Peirce made the following statements:

When things get a little worse in the market, we can understand who is building a company that can last longer.

The SEC official specifically denies anyone in the cryptocurrency market. those who fail to manage their risk and sink using leverage He said he doesn’t support recovery.

Sam Trabucco, CEO of Alameda Research, and Sam Bankman-Fried, CEO of FTX, are in danger of sinking so that the market does not collapse completely. It was alleged that he gave loans to companies that were

According to the statement made yesterday, the cryptocurrency lending and staking platform BlockFi has been transferred from the leading cryptocurrency exchange FTX in the crisis environment in the market. He got a loan of 250 million dollars.

Alameda Research, on the other hand, told Voyager Digital two days ago. It will lend 200 million USDC and 446.3 million worth of Bitcoin explained.

These statements by the SEC official are thought to come with the help of the CEO of FTX and Alameda Research.

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