Morning Edition · Thursday, July 23, 2026Published at 1:28 AM EDT · New York
SEC's Peirce Warns On-Chain Lending and Crypto Vaults May Fall Under Securities Law
The commissioner said whether a given DeFi product is regulated depends on how it is structured, urging protocols to open discussions with the agency.
Hester Peirce, a commissioner at the US Securities and Exchange Commission (SEC) known within the industry for a relatively permissive stance, issued a statement warning that on-chain lending products and crypto vaults may be subject to sec…
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Regulatory Perimeter for Crypto Hardens in EU and US
Over 3-6 months, enforcement deadlines and rulemaking debates narrow who can operate, with MiCA culling unlicensed EU firms and US regulators weighing durable rules over fragile exemptions.
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