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 Summervaults. Her message was direct, some companies have been stretching legal interpretations, in her words doing "headstands, backflips, and other gymnastics," to argue their crypto products fall outside SEC oversight, and that approach carries real risk. A crypto ... (full story)