CTF Written Submission

Dragonchain Feedback to Commissioner Hester M. Peirce article There Must Be Some Way Out of Here dated Feb. 21, 2025

March 10, 2025
  • A proper regulatory taxonomy should distinguish between software licenses and utility tokens versus financial securities and investment vehicles.
  • Blockchain functions such as consensus mechanisms, smart contract execution, and decentralized identity management should not fall under securities regulations.
  • NFTs should not be presumed to be securities, as they are digital collectibles with use cases in gaming, identity, and authentication.

Last Reviewed or Updated: April 3, 2025