According to BlockBeats, during the SEC's first crypto roundtable, Hester Peirce proposed allowing cryptocurrency projects to raise funds through tradable NFTs. She suggested that NFTs could be the next area for SEC exemption statements after PoW mining. Peirce cited projects like Stoner Cats and Flyfish Club, which use NFTs to offer membership and access rights, arguing that such models might not necessarily qualify as securities. She stressed the importance of establishing a reference framework for NFT issuers to support industry growth. While the SEC, under Gary Gensler, has pursued several NFT projects under securities laws, Peirce clarified that not all NFT initiatives are automatically exempt—those with securities-like structures will still face regulatory scrutiny.
