The commissioner said onchain vaults and lending strategies could resemble investment funds or advisers, depending on how they are structured.

SEC's Hester Peirce warned that crypto vaults and decentralized lending products are not automatically exempt from federal securities laws.

Hester Peirce, aka "Crypto Mom", issued a statement clarifying that onchain vaults and lending may fall under the SEC's remit.

The commissioner said onchain vaults and lending strategies could resemble investment funds or advisers, depending on how they are structured.

Crypto Mom Hester Peirce says DeFi vaults and onchain lending may be securities, signaling possible SEC scrutiny and new compliance rules for crypto firms.

SEC's Hester Peirce warns DeFi platforms that vaults and lending could face securities laws based on management and structure.

Tokenized securities are still securities, SEC's Peirce warns, adding that crypto vaults are not automatically exempt from the law.

Crypto vault e regolamentazione: l'avviso della SEC cambia le regole del gioco per i prodotti DeFi, aumentando il rischio normativo.

SEC Commissioner Hester Peirce says crypto vaults and some onchain lending products may fall under U.S. securities laws, urging developers to assess compliance obligations.