Liquid Staking Tokens Aren’t Securities, SEC Says. What That Means for Crypto Investors.
Key Takeaways
- The SEC said liquid staking and related tokens don’t run afoul of securities laws, addressing the more than $67 billion in total value locked across blockchains.
- The crypto-friendly guidance was a win for decentralized finance platforms (DeFi).
- Guidance isn’t law, and subject to change.
Investors chasing yield and liquidity in the crypto world just got handed a nice gift from US securities regulators.
The Securities and Exchange Commission announced Tuesday that liquid staking and related tokens don’t run afoul of securities laws, effectively flashing the green light to centralized and decentralized crypto trading platforms that offer those services and corresponding rewards, as well as to their customers.
The…
