US SEC Commissioner Hester Peirce suggests that crypto startups should be allowed to raise funds using NFTs ๐Ÿš€. She emphasizes that NFTs offering art or membership-like features could be exempt from securities laws ๐ŸŽจ. Projects like 'Stoner Cats' and 'Flyfish Club' have already raised funds via NFTs, but faced SEC action ๐Ÿšซ.

Peirce believes exempting such NFTs from securities laws could create new opportunities for crypto entrepreneurs ๐ŸŒŸ. However, she warns that NFTs with investment characteristics may still fall under securities laws ๐Ÿ“.

This development could have significant implications for the crypto and NFT markets ๐Ÿš€. If implemented, it could pave the way for more innovative fundraising methods and increased mainstream adoption of NFTs ๐ŸŒˆ.