Original sourceCoinGecko
Summary
The U.S. SEC signals that DeFi risk managers and on-chain treasuries may be regulated under existing securities laws (Howey test). Commissioner Hester Peirce indicated on July 22 that if on-chain treasuries and lending strategies meet Howey criteria, they could be investment contracts without new l…
Key points
- Monitor SEC's regulatory moves on DeFi to assess compliance risks.
- SEC's regulation could reshape DeFi, affecting risk managers and treasury operators' responsibilities.
- DeFi platforms may need to adjust governance structures, KYC/AML processes to comply with securities laws.
Editorial note
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