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 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.