SEC’s Peirce says crypto vaults and onchain lending may fall under securities laws
Cointelegraph 2026-07-22 17:39:57
Context: US Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that certain cryptocurrency products, including crypto vaults and onchain lending tools, may be subject to US securities laws. The classification depends on the specific structure and operation of these products. This statement was made in the context of the SEC's ongoing examination of the cryptocurrency market.
Key Facts
- SEC Commissioner Hester Peirce indicated that crypto vaults, which are a type of cryptocurrency product, may trigger US securities laws depending on their structure and operation.
- Onchain lending products, which allow users to lend their cryptocurrencies and earn interest, may also fall under US securities laws if they meet certain criteria.
- The classification of these products as securities will depend on how they are structured and operated, suggesting that not all crypto vaults and onchain lending products will be subject to securities laws.