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SEC's Peirce warns some DeFi vaults, onchain lending may fall under securities laws

The commissioner said onchain vaults and lending strategies could resemble investment funds or advisers, depending on how they are structured.

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SEC's Peirce warns some DeFi vaults, onchain lending may fall under securities laws
The commissioner said onchain vaults and lending strategies could resemble investment funds or advisers, depending on how they are structured.

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SEC is showing up inside the Regulation theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.

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