🖼 SEC’s Hester Peirce: NFT Fundraising Should Be Exempt from Securities Rules
SEC Commissioner Hester Peirce said NFTs used for raising funds—like in the Stoner Cats and Flyfish Club cases—should not be treated as securities and may soon get exemptive clarity. Speaking after the SEC’s crypto roundtable, Peirce hinted the agency could issue a framework to guide NFT fundraising, marking a shift from past enforcement under former chair Gensler.