Woofun AI reports that the U.S. Securities and Exchange Commission issued guidance stating that vaults allocating assets to staking or lending strategies may fall under securities laws. The agency emphasized that entities selecting yield strategies, reallocating funds, or setting loan-to-value ratios must assess their regulatory status.

Additionally, on-chain loans could be classified as securitized debt instruments depending on distribution methods. The SEC invited market feedback on balancing innovation with investor protection.