SEC’s Peirce says crypto vaults and onchain lending may fall under securities laws
CoinTelegraph·
60-second summary
SEC Commissioner Peirce emphasizes that crypto vaults and onchain lending products may fall under US securities laws, contingent on their structure and operation. This clarification raises uncertainty for companies offering these services, potentially impacting their business models and operations. The market awaits further guidance from the SEC on this matter.
The SEC commissioner said crypto vaults, onchain lending products and other asset management tools may trigger US securities laws depending on how they are structured and operated.