The US Securities and Exchange Commission (SEC) commissioner, Peirce, has stated that crypto vaults, onchain lending products, and other asset management tools may trigger US securities laws.
This determination would depend on how these products are structured and operated, according to the commissioner.
This is based on reporting from CoinTelegraph, which highlights the commissioner's comments on the potential application of securities laws to certain crypto products.
The statement suggests that the SEC is continuing to examine the crypto space and consider how existing regulations may apply to emerging products and services.