SEC Commissioner Hester Peirce Warns On-Chain Vaults May Fall Under Securities Law
2026-07-22 20:49:31
SEC Commissioner Hester Peirce said on-chain vaults and lending strategies may fall under securities law, while stressing that the statement does not ban on-chain vaults or lending outright. According to NS3.AI, Vaults.fyi shows $8.6 billion across 788 curated vaults. Morpho fell roughly 5% on the day after the statement.
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