Every Zipp story tagged #OnchainLending, newest first.
The commissioner stopped short of calling any protocol a security outright, instead laying out which structural features would draw the SEC's eye: yield strategy, LTV, liquidations, asset allocation.
The commissioner stopped short of calling vaults securities outright, but the structural framing pushes curated strategies and onchain lending squarely into the SEC's lane, with Morpho down 5% on the…
The SEC's crypto mom signalled that how a protocol is designed, not where it runs, decides whether U.S. securities law applies, a posture that puts every yield strategy on notice.
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