SEC’s Peirce Drops Truth Bomb: Most NFTs Dodge Securities Classification

In a rare moment of regulatory clarity, SEC Commissioner Hester Peirce bluntly stated what crypto natives already knew—the majority of NFTs don’t meet the Howey Test’s securities criteria. The so-called ’Crypto Mom’ delivered the verdict during a blockchain conference, leaving lawyers scrambling and NFT flippers shrugging.

The Art of the Dodge

Peirce’s comments cut through years of legal ambiguity surrounding digital collectibles. While refusing to give NFTs a blanket pass, she acknowledged most lack the profit-sharing structures that trigger securities laws—unless, of course, creators start promising moon-shot returns like your average DeFi pitchman.

Regulatory Limbo Continues

The statement lands as NFT trading volumes stagnate at 2021 levels—turns out JPEGs with numbered hats weren’t the revolution Wall Street feared. Still, Peirce’s stance offers temporary relief for an industry that treats compliance like a rare Pepe—nice to have, but not strictly necessary.

Another win for crypto’s favorite bureaucrat? Maybe. But remember kids: when the SEC finally does crack down, they’ll be coming for those 10,000-profile-pic projects—and their founders’ offshore villas.

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Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.