Deep Tide TechFlow News, August 6, according to The Block, the U.S. Securities and Exchange Commission (SEC) has clarified in its latest guidance that certain liquid staking activities are not subject to securities law jurisdiction, and relevant participants do not need to register with the SEC.
The guidance indicates that unless the staked crypto asset itself is classified as or subject to an investment contract, the issuance and sale of staking receipt tokens do not constitute securities under the definitions of securities law and trading law. This regulation may impact liquid staking service providers such as Lido, Marinade Finance, JitoSOL, and Stakewise.
SEC Chairman Paul Atkins stated that this move is an important step in clarifying the regulatory boundaries for crypto assets and is one of the first results of the agency's 'Project Crypto' initiative. Industry insiders believe this guidance may help advance the approval process for spot Ethereum ETFs, particularly regarding staking functionalities.
