Golden Finance reported that at the SEC's first crypto roundtable meeting, Hester Peirce said crypto projects should be allowed to finance through tradable NFTs, and revealed that NFTs may become the next area for the SEC to issue exemption statements after PoW mining. Peirce said projects like Stoner Cats and Flyfish Club that raise funds through NFTs and provide holders with specific interests (such as access, membership) may not be considered securities. She noted that if the SEC could provide a frame of reference for NFT issuers, it would be very helpful for the industry to grow. Previously, the SEC sued multiple NFT projects under the Securities Act during his tenure at Gary Gensler, but Peirce emphasized that not all NFT-containing projects are automatically exempt from supervision, and NFTs with structural securities attributes will still be subject to regulatory constraints.