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

AI Summary The commissioner said onchain vaults and lending strategies could resemble investment funds or advisers, depending on how they are structured. fulltext: 142 chars | fulltext source: rss-fallback | summary method: extractive Original: https://www.coindesk.com/policy/2026/07/22/sec-s-peirce-warns-some-defi-vaults-onchain-lending-may-fall-under-securities-laws Source: CoinDesk