FlashFeed

SEC Commissioner Peirce: DeFi Vaults and Onchain Lending May Fall Under Securities Law

SEC Commissioner Hester Peirce has warned that certain DeFi vaults and onchain lending strategies could be classified as securities or investment advisers under US law, depending on how they are structured. She urged DeFi developers to consider whether their products require registration with the SEC. The statement is a significant regulatory signal for the decentralised finance sector.