Hester Peirce, a senior commissioner and the head of the Crypto Task Force at the U.S. Securities and Exchange Commission (SEC), has dropped a bombshell: NFTs might just be the next crypto asset class to get the regulatory green light. Peirce, a known crypto enthusiast 🥂 (some might say a crypto evangelist 😇), indicated that the SEC might exempt certain types of NFTs from securities regulations, particularly those used by companies for fundraising. Imagine that, darling!
As reported by Sander Lutz of Decrypt, Peirce specifically mentioned projects like Stoner Cats and Fly Fish Club as examples of NFTs that the SEC could carve out from securities regulations. Both projects, darling, raised millions of dollars through the sale of membership NFTs before facing the wrath of the SEC during the Biden administration. Oh the drama!
SCOOP: SEC commissioner Hester Peirce tells me NFTs could be the next crypto asset class the agency exempts from securities regs via a statement—specifically, types of NFTs used by companies to fundraise
Peirce mentioned Stoner Cats and Flyfish Club as the exact type of NFTs…
— Sander Lutz (@s_lutz95) March 21, 2025
This comes after the SEC’s recent attempts to provide some clarity around crypto mining and meme coins, stating that these activities don’t fall under securities regulations. With NFTs emerging as the next logical step, many see this as a positive sign for the industry. Industry experts are positively giddy, with some suggesting that the SEC’s evolving stance could signal a more crypto-friendly regulatory environment.
At a recent meeting, Peirce criticized the SEC’s past approach, calling it unfair, and stressed the need for fair regulation. She suggested that elections can impact regulatory policies, hinting that the SEC might change its stance on crypto. Her comments offer a glimmer of hope for a more transparent and balanced way of regulating digital assets.
She said, “Spring signifies new beginnings, and we have a restart here, of the Commission’s approach to crypto.”
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2025-03-24 08:14