US SEC Commissioner says no to crypto company bailouts

US SEC Commissioner says no to crypto company bailouts


Coinnounce
2022-06-22 11:48:17

Securities and Exchange Commission (SEC) Commissioner Hester Peirce opposes crypto bailouts after SBF injects $250 million in BlockFi. Crypto lending platforms have been in dire shape in this bear market and facing a major liquidity crunch. Despite rumors of insolvency, the SEC commissioner has also publicly expressed her opposition to similar crypto aid, emphasizing that […]