PANews reports on March 22nd that according to Decrypt, Hester Peirce, head of the SEC's cryptocurrency special task force, stated that crypto projects like Stoner Cats (which use Non-Fungible Tokens as a fundraising mechanism to support their work) should be exempt from securities regulation and may soon receive clear guidelines from regulators.

At the SEC's first cryptocurrency roundtable, Peirce (who leads the SEC's work with Acting Chairman Mark Uyeda after Gary Gensler's resignation) said that Non-Fungible Tokens might be the next asset class handled through a similar exemption statement. She noted that if the SEC could provide a reference framework for Non-Fungible Token issuers, it would be "very helpful" for industry development. However, not all projects involving Non-Fungible Tokens are automatically exempt from regulation, and tokens with securities characteristics are still subject to regulatory constraints.

Previous report, the US SEC is about to convene a crypto asset regulation roundtable, focusing on the definition of "securities attributes".