The Commissioner known as 'Crypto Mom' framed the statement as an invitation to engage rather than an enforcement threat, warning builders who twist the law that they "will have a painful fall."
The SEC commissioner said crypto vaults, onchain lending products and other asset management tools may trigger US securities laws depending on how they are structured and operated.
SEC's Hester Peirce warns DeFi platforms that vaults and lending could face securities laws based on management and structure.
SEC's Hester Peirce warned that crypto vaults and decentralized lending products are not automatically exempt from federal securities laws.
