SEC Crypto Chief: Supports Issuing Further Guidance to Clarify Securities Law Jurisdiction Over Crypto Activities
According to the official blog of staking service provider Figment, Hester Peirce, head of the U.S. Securities and Exchange Commission (SEC) crypto working group, stated in a speech on May 19 that she "supports issuing further guidelines to determine which activities do not fall under the jurisdiction of securities laws, such as clearly defining direct participation in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) systems, as well as technical services that assist people in participating in these consensus mechanisms."
Peirce acknowledged that the SEC's past enforcement regulatory approach has failed to effectively prevent fraud and instead caused confusion for compliant operators. This statement is seen as a positive signal for U.S. institutions participating in staking activities.
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