PANews reported on March 22 that according to Decrypt, Hester Peirce, head of the U.S. SEC's cryptocurrency task force, said that cryptocurrency projects like Stoner Cats (which use NFT as a fundraising mechanism to fund their work) should be exempt from securities regulation and may soon receive this clear regulation from regulators.
At the SEC's first cryptocurrency roundtable, Peirce (who led the SEC's work with acting SEC Chairman Mark Uyeda after Gary Gensler resigned) said that NFTs could be the next asset class the agency addresses through similar exemption statements. She noted that it would be "very helpful" for the industry if the SEC could provide a reference framework for NFT issuers. However, not all projects containing NFTs are automatically exempt from regulation, and NFTs that are structurally securities are still subject to regulatory constraints.
Earlier news said that the U.S. SEC is about to hold a roundtable meeting on crypto asset regulation, focusing on the definition of "securities attributes".
