SEC warns: Crypto vaults and onchain lending may fall under securities law
- SEC commissioner Peirce warned that crypto vaults and onchain lending products may be considered securities under U.S. law.
- Whether they fall under regulation depends on how these instruments are structured and operated.
- This affects asset custody services, DeFi lending protocols, and other asset management tools.
- Investors need to be aware of potential legal control and compliance risks.
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Source: CoinTelegraph