The SEC is considering allowing fundraising through tradeable NFTs. This move could lead to regulatory clarity for NFT projects.
Peirce's Advocacy at SEC Roundtable
During the SEC's cryptocurrency roundtable, Hester Peirce proposed enabling cryptocurrency projects to fundraise via tradable NFTs. This statement may herald regulatory clarity for NFT projects.
Reactions to Peirce's Initiatives
Peirce emphasized that not all NFT projects would be exempt from regulation. Reactions to her statement vary among industry stakeholders, who mostly seek regulatory clarity.
SEC's Evolving NFT Regulatory Approach
The suggestion for no-action relief for NFTs could follow the path where certain Proof of Work projects were previously granted exemptions, highlighting the evolving stance of the SEC on regulatory matters.
Experts predict that establishing a framework for NFTs could expand their use in fundraising, potentially leading to wider adoption and industry engagement.
