Hester Peirce: Cryptocurrency startups should be allowed to raise funds using NFTs

ChainCatcher news, at the SEC's first cryptocurrency roundtable, Hester Peirce stated that crypto projects should be allowed to raise funds through tradable NFTs, and revealed that NFTs may become the next area where the SEC issues exemption statements following PoW mining.

Peirce indicated that projects like Stoner Cats and Flyfish Club, which raise funds through NFTs and provide specific rights (such as access and membership) to holders, may not be considered securities.

She noted that it would be "very helpful" for the industry if the SEC could provide a reference framework for NFT issuers.