US SEC Commissioner Peirce sent a message to encrypt Vault and the lending strategy or to regulate securities law

On 22 July, the SEC Commissioner Hester Peirce issued a statement, according to the United States Securities Commission official network, that the “linking” of encrypted assets did not automatically exclude the relevant activities from the scope of application of the Federal Securities Act. The statement states that the crypto vault and borrowing strategies that use smart contracts to deploy assets in the chain to capture the proceeds may constitute a common enterprise, investment company or securitized instrument if the pledge, loan allocation, interest rate, acceptable asset, LTV ratio and liquidation threshold are determined by a particular individual or team, and the participants concerned need to examine whether the regulatory requirements for the issue of securities, investment consultants, etc. are addressed. Peirce stated that practitioners would be welcome to communicate with SEC compliance paths and to advise on how existing rules could be adapted to accommodate vaault and chain lending。