SEC Commissioner Peirce warns crypto vaults and onchain lending may be securities
A top SEC official said that crypto products like staking vaults and lending protocols could be classified as securities under US law, depending on how they operate.
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SEC Commissioner Hester Peirce has warned that crypto vaults and onchain lending products could be classified as securities under US law, depending on their structure and operation. Peirce, known for her pro-crypto stance, emphasized that the classification hinges on how these products are marketed and managed. The remarks add regulatory uncertainty for decentralized finance protocols offering staking and lending services. Traders should monitor potential enforcement actions that could impact liquidity and risk appetite in the crypto market.
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