SEC's Hester Peirce Advocates for NFT Financing Framework

According to BlockBeats, during the SEC's inaugural crypto roundtable, Hester Peirce suggested that cryptocurrency projects should be allowed to raise funds through tradable NFTs. She indicated that NFTs might become the next area for SEC exemption statements following PoW mining. Peirce mentioned that projects like Stoner Cats and Flyfish Club, which use NFTs to raise funds and offer specific rights such as access and membership to holders, might not necessarily be classified as securities. She emphasized that providing a reference framework for NFT issuers could significantly benefit the industry's development. Previously, under Gary Gensler's leadership, the SEC had pursued several NFT projects under securities law. However, Peirce clarified that not all NFT-related projects are automatically exempt from regulation, and those with securities-like structures will still be subject to regulatory oversight.