Lido Labs Foundation Challenges SEC's Classification of Digital Assets

AI Summary

According to Foresight News, the Lido Labs Foundation has responded to the U.S. Securities and Exchange Commission (SEC) regarding the regulatory status of governance tokens and liquid staking tokens (LST). On March 24, the foundation communicated electronically with the SEC's special task force on cryptocurrency, arguing that these digital assets should not be classified as securities under federal securities laws. The foundation contends that the fundamental utility and operational characteristics of these tokens differentiate them from traditional securities.#MtGoxTransfers #SaylorBTCPurchase