SEC Crypto Leader: Support the release of further guidelines to clarify which activities are not subject to securities law jurisdiction

BlockBeats news, on May 23rd, according to Figment, a staking service provider, Commissioner Hester Peirce, head of the US Securities and Exchange Commission's (SEC) crypto working group, stated in a speech on May 19th that he supports the release of further guidelines to determine which activities are not covered by securities laws, such as clarifying direct participation in proof of stake (PoS) and delegated proof of stake (DPoS) systems, as well as technical services to assist people in participating in these consensus mechanisms. '' Peirce acknowledges that the SEC's past enforcement and regulatory methods have failed to effectively prevent fraud and have instead caused confusion for compliant operators. This statement is seen as a positive signal of US institutions participating in pledge activities.