SEC Commissioner: Staking activities are not subject to securities laws

According to news from Hash World Chain, Hester Peirce, the head of the SEC's cryptocurrency working group, clearly stated in a speech on May 19 that technical activities directly participating in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) systems do not fall under the jurisdiction of securities laws. This is the first time a senior SEC official has made such a statement regarding staking activities. Peirce pointed out that the SEC will issue further guidance clarifying which activities are not subject to securities laws, including technical services that assist in participating in consensus mechanisms. She acknowledged that past enforcement regulatory approaches have failed to effectively prevent fraud and have instead caused confusion for compliant operators. This statement is seen as a positive signal for U.S. institutions to engage in staking activities. Figment stated that this will promote broader adoption of staking services by U.S. institutions.