POPA ReconSEC Statement on Vault and Lending Strategy
SEC Statement on Vault and Lending Strategy SEC Commissioner Hester Pierce, who has a pro-cryptocurrency stance, recently released a statement on Vault and lending strategies, which have recently been very popular in the crypto industry. The key point is that even though the vault is automated and operated with a smart contract, its status as a security must be determined based on how much the deployer and curator actually intervene in the operation. As Vault moves toward becoming the core primitive of next-generation asset management, there appears to be a will to confirm whether it is a s…
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