If people want to buy a token or product that lacks a clear long-term value proposition, they should feel free but should not be surprised some day if the price drops
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SEC’s Peirce Says ‘Many’ Memecoins Likely Fall Outside Regulator’s Jurisdiction
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SEC Commissioner Hester Peirce stated that individuals have the freedom to invest in memecoins, even if they lack intrinsic value, but cautioned that investors should not expect government intervention in the event of losses
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