The Securities and Exchange Commission (SEC) said Tuesday that liquid staking of crypto assets “do not involve the offer and sale of securities within the meaning of” the Securities Act and therefore participants in such activity do not need to register the transactions with the agency in most cases.
The announcement is the latest in a series of steps taken by the SEC and the CFTC to clarify how securities laws apply to various types of crypto assets.
Liquid staking is the practice by which users of proof-of-stake blockchain networks such as Ethereum, Lido, and Solana, can deposit their protocol-native coins with a network validator usually through an intermediary, and receive a “staking receipt token” of equal value in return…
