Could Some Vaults Trigger Securities Law? Yes, but It's Case by Case

Onchain vaults now hold $67B. Veda's CEO maps out how they work, and why the SEC just hinted some could be securities.

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SEC Commissioner Hester Peirce warned recently that some crypto vaults could trigger federal securities law, invoking the same Howey Test language crypto has argued over for a decade, just as onchain vaults have quietly become...