SEC Commissioner Peirce: Some NFT financing projects may be exempt from securities regulation.

Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), stated that crypto projects financed through NFTs, such as Stoner Cats, should be exempt from securities regulations, and the SEC may soon release relevant guidance on this matter. During the SEC’s first crypto roundtable, Peirce mentioned that after previously stating that Proof of Work (PoW) mining does not fall under securities, NFTs might be the next asset class to be clarified. She pointed out that providing a reference framework for NFT issuers would help the industry with compliance. Peirce emphasized that NFTs themselves are not automatically excluded from securities regulation; if their structure is essentially that of a security, relevant regulations will still apply. (Decrypt)