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Peirce: Headstands and Summervaults: A Statement on Crypto Vaults and Lending Strategies
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 subject to the federal securities laws. That the securities laws do not apply to all crypto assets and activities, however, does not mean that the securities laws do not apply to any crypto assets or activities. If you do headstands, backflips, and other gymnastics to ... (full story)
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From moneycheck.com | 7 hr ago
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 ...
From thestreet.com | 2 hr 12 min ago
A top U.S. securities regulator has a warning for the fast-growing world of crypto vaults and onchain lending: moving money onto a blockchain doesn't automatically put it outside the reach of securities law. The Securities and Exchange Commission (SEC) Commissioner Hester Peirce made the case in a statement published July 22, titled 'Headstands and ...