‘You will have a painful fall’: SEC’s Peirce warns crypto vault builders against twisting securities law
The Block·
60-second summary
Hester Peirce, the SEC's Commissioner known as "Crypto Mom", issues a statement warning crypto vault builders that they may be twisting securities law, which could lead to a painful fall. Onchain vaults and lending may fall under the SEC's remit, sparking concerns about regulatory scrutiny and potential compliance issues for the industry.
Hester Peirce, aka "Crypto Mom", issued a statement clarifying that onchain vaults and lending may fall under the SEC's remit.