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SEC commissioner has a blunt warning for crypto vaults and lending
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)
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From moneycheck.com | 14 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 sec.gov | 12 hr 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 ...
