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SEC Commissioner Hester Peirce opposes crypto bailouts after SBF injects $250 million in BlockFi

  • Crypto mom Hester Peirce said that bear markets like this are the right way to punish over-leveraged players.
  • FTX Chairman Sam Bankman-Fried has extended $250 million capital help to BlockFi as a bailout during the testing times.

SEC Commissioner Hester Peirce, popular as “crypto mon” for her pro-crypto views, has recently shared her view on the bailouts of the crypto firms.
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