What qualifies as a security transaction depends more on the nature of the deal than the asset itself, according to US Securities and Exchange (SEC) commissioner Hester Peirce.
Speaking at the Bitcoin 2025 conference in Las Vegas, Nevada, Peirce said the SEC had to develop a framework that describes situations where crypto transactions fall under the perspective of security laws. Examples of this may include cryptocurrency offering to investors as part of an initial public offering (IPO) or Tokenizing stock of a company. Peirce told the audience:
“Most of the crypto owners as we see them today are probably not themselves in security. That doesn’t mean you can’t sell a token that is not a security in a transaction that is a security transaction. That’s where we need to provide some guides.”
Peirce said he expects more digital possessions that fall under the sense of security that have emerged, as owners such as tokenized stocks and bonds come to Onchain.
Peirce’s statements came amid efforts from the SEC, the lawmaker, and executive branch of the US government to promote comprehensive crypto regulations in the United States and prevent the industrial transfer to other constituents.
Related: Peirce’s Peirce said
SEC toward comprehensive regulatory reform
The Sec Crypto Task Force launched On January 21, the day after the inauguration of President Donald Trump’s President.
Since then, the agency has been held a series of circle discussions Industry executives include the development of comprehensive crypto regulations in the US.
In May, the SEC Chair Paul Atkins testified in Congress to do this agency First detailed report on cryptocurrency regulations In the coming months.
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