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.

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.