Planet News: SEC Crypto Special Working Group Head and Commissioner Hester Peirce stated that crypto projects raising funds through Non-Fungible Token, such as Stoner Cats, should be exempted from securities regulations, and revealed that SEC may soon issue a clarification statement. Peirce, in an interview after the SEC's first crypto roundtable, said that the SEC's recent statement that "proof-of-work mining does not constitute a security" received positive feedback. She believes Non-Fungible Token may become the next asset class to receive regulatory exemption. She emphasized that if SEC could provide a clear framework or reference markers for Non-Fungible Token issuers, it would be extremely helpful. Previously, Stoner Cats and Flyfish Club were sued by the SEC under former Chairman Gary Gensler for Non-Fungible Token fundraising. Stoner Cats raised $8 million through Non-Fungible Token sales for animation production, while Flyfish Club collected over $14 million through Non-Fungible Token sales for a private restaurant. These Non-Fungible Tokens can be traded on secondary markets and include royalty sharing mechanisms. Peirce stressed that even if future exemptions are introduced, not all Non-Fungible Token projects will automatically be exempt from securities regulation. If a Non-Fungible Token is essentially a securitized token, it will still be subject to relevant regulations. Additionally, the US Congress is promoting legislation to legalize fundraising activities for Non-Fungible Tokens with equity, membership, or artistic attributes. (Decrypt)