🔸The SEC no longer views Ethereum and Solana staking as securities
The SEC, the agency that oversees finances in the U.S., has decided that cryptocurrency staking services, such as those of Ethereum (Lido) and Solana (Jito), are not the same as buying securities.
This is great news for these projects. It means that, for now, they will not have to follow the same strict rules that companies selling securities must comply with. This gives them more freedom to operate in the United States and could be a good omen for other similar projects in the future.
What is staking?
Imagine you have money in the bank and instead of leaving it idle, you decide to lend it to the bank for it to use. In return, the bank pays you interest.
Staking is something similar: you use your cryptocurrencies to help the network operate securely and in return, the network rewards you with more cryptocurrencies. Liquidity staking services allow you to do this, but they also give you a digital "receipt" so you can use your money for other things while you earn those rewards.$SOL
$ETH
