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SEC Crypto Leader: Support Issuing Further Guidance on Which Activities Do Not Fall Under Securities Law

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2025-05-23 13:54:33
Commissioner Hester Peirce, head of the Crypto Working Group at the Securities Exchange Commission (SEC), expressed support in a May 19 speech for issuing further guidance to determine which activities are not covered by securities law, such as explicit direct participation in proof-of-stake (PoS) and delegated proof-of-stake (DPoS) systems, as well as technical services to assist people in participating in these consensus mechanisms.
Peirce's admission that the SEC's past approach to enforcement had failed to prevent fraud and had confounded compliance operators was seen as a positive sign of the involvement of US agencies.
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