Hesterpeas, senior member of the Securities and Exchange Commission (SEC), head of the Crypto Task Force, and head of the Crypto Task Force, suggests that NFTs could become the next major crypto asset class to receive regulatory clarity. Peirce, a known advocate for Crypto, has shown that the SEC may be able to exempt certain types of NFTs from securities regulations.
As reported by Sander Lutz of Decrypt, Peirce specifically mentioned the project Stoner cat and Flyfish Club As an example of an NFT that the SEC can extract from securities regulations. Both projects raised millions of dollars through membership NFT sales before facing legal action from the SEC during the Biden administration.
scoop: SEC Commissioner Hester Peirce says NFTS could become the next crypto asset class. Agents are exempt from securities registration via statements, particularly through the type of NFT used by companies for fundraising.
Peirce mentioned Stoner Cats and Flyfish Club as an exact type of NFTS… https://t.co/ynbd2awqfz
– Thunder Lutz (@s_lutz95) March 21, 2025
The development comes shortly after the SEC’s recent efforts to make it clearer about Crypto Mining and Meme Coins, saying these activities do not fall under securities regulations. As NFT is emerging as the next logical step, many view this as a positive sign for the industry. Industry experts are positive, and some suggest that the SEC’s evolving stance could indicate a more crypto-friendly regulatory environment.
At a recent meeting, Perth criticized the SEC’s past approach, calling it unfair and highlighted the need for fair regulations. She suggested that elections could have an impact on regulatory policies, and that the SEC might change its stance on cryptography. Her comments provide hope for a more transparent and balanced way of regulating digital assets.
She said, “Spring means a new beginning and is rebooting the committee’s approach to cryptography.”
