The Funding: Are crypto vaults funds and curators fund managers?
The Block·
60-second summary
The SEC's Hester Peirce suggests that some crypto vaults and curators may be acting as fund managers, potentially requiring registration. This designation would subject them to stricter regulations and oversight. If confirmed, vaults and curators would need to register with the SEC, impacting their operations and potentially altering the crypto investment landscape significantly.
The SEC's Hester Peirce says some of them may be — which could mean registration. Here's what that means, and what comes next.