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SEC Warning Puts Crypto Vaults and Onchain Lending Under Legal Spotlight
SEC Commissioner Hester Peirce said crypto vaults and onchain lending strategies may fall under U.S. securities laws when their structure involves managerial control, investment activity, or investor reliance on others. Peirce said the SEC has worked over the past year and a half to clarify when crypto assets and activities fall outside federal securities laws. However, she said that does not mean every crypto product sits beyond the agency’s reach. She warned firms not to use complex legal readings to avoid rules that may apply. Peirce said, “If you do headstands, backflips, and other gymnastics” to avoid ... (full story)
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From sec.gov | 2 hr 3 min ago
The Commission, the Crypto Task Force, and staff across the Divisions have done tremendous work in the past year and a half to provide clarity to crypto markets as to when a certain asset or activity is subject to the federal securities laws and, if so, how those laws apply. Much of this work has clarified that many crypto assets and activities are not ...
From financemagnates.com | 3 min ago
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