SEC Crypto Task Force lead Hester Peirce said Friday that crypto projects like Stoner Cats—which used NFTs as a fundraising mechanism to fund their work—should be exempt from securities regulations, and may soon receive that clarity from the powerful regulator.
Backstage at the SEC’s first ever crypto roundtable Friday afternoon, Peirce—who along with Acting SEC Chair Mark Uyeda now leads the SEC’s efforts following Gary Gensler’s resignation—told Decrypt she’s been heartened by positive responses to a statement the agency issued yesterday declaring proof-of-work crypto mining to not fall under its definition of securities. Peirce said NFTs could be the next asset category the agency addresses with a similar exemptive…
Apr 21 2025
