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Crypto

U.S. SEC commissioner targets crypto vaults and on-chain lending, may fall under securities laws

The U.S. Securities and Exchange Commission has warned the DeFi industry that crypto vaults and on-chain lending products could be subject to federal securities laws depending on their structure. Commissioner Hester Peirce said that moving activities on-chain does not exempt them from securities regulation and that the key issue is who holds decision-making authority and operational responsibility. The SEC is also applying similar principles to on-chain lending protocols, including how core terms are set.

Crypto

U.S. SEC commissioner predicts Clarity Act passage this summer as crypto regulation may accelerate

U.S. Securities and Exchange Commission Commissioner Hester Peirce predicted that the Clarity Act, aimed at establishing a crypto regulatory framework, could pass this summer. The bill has cleared the House and awaits Senate action. Peirce said it would create federal oversight for the crypto spot market and divide authority between the SEC and the CFTC. SEC Chair Paul Atkins also signaled a pro-market reform agenda and a shift toward supporting digital-asset innovation under U.S. law.

Crypto

Developer protection becomes flashpoint in U.S. CLARITY Act debate as Solana Policy Institute steps in

Christine Smith (크리스틴 스미스), CEO of the Solana Policy Institute, urged the U.S. Senate to keep developer protection provisions in the CLARITY crypto market structure bill. She argued open-source developers and blockchain infrastructure providers should not be regulated as financial intermediaries. Smith also cited the BRCA bill, which aims to provide legal clarity for developers and infrastructure providers that do not custody customer assets or control transactions.