Policy
Are crypto vaults securities? SEC warning hits $8B DeFi sector
The Cryptonomist·July 22, 2026·1 min read
SEC Commissioner Hester Peirce warned that crypto vaults and onchain lending products may fall under US securities laws, depending on structure and management. The statement puts the $8B DeFi sector on notice, signaling increased regulatory scrutiny on yield-generating products. The warning could impact how DeFi protocols operate in the US.
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