According to Deep Tide TechFlow, on May 29, the Corporate Finance Division of the U.S. Securities and Exchange Commission (SEC) issued a statement stating that staking activities in proof-of-stake (PoS) networks do not constitute the issuance and sale of securities.
The statement covers self-staking, non-custodial third-party staking, and custodial staking arrangements, considering these activities to be of a management or operational nature, not involving the entrepreneurial or managerial efforts of others, and not meeting the Howey Test requirements.
The statement does not cover other forms of staking such as liquid staking, re-staking, or liquid re-staking.