SEC encryption head: supports the release of further guidelines to clarify which activities are not subject to securities law jurisdiction.

[SEC Encryption Head: Supports the Release of Further Guidelines to Clarify Which Activities Are Not Subject to Securities Law Jurisdiction] According to the staking service provider Figment's official blog, Hester Peirce, the head of the U.S. Securities and Exchange Commission (SEC) crypto working group, stated in a speech on May 19 that she supports the release of further guidelines to determine which activities fall outside the jurisdiction of securities law. This includes clarifying direct participation in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) systems, as well as the technical nature of services that assist people in participating in these Consensus Mechanisms. Peirce acknowledged that the SEC's past enforcement and regulatory approach failed to effectively prevent fraud and instead confused compliant operators. This statement is seen as a positive signal for U.S. institutions participating in stake activities.