The U.S. Stock Exchange and the Securities Commission (SEC) have announced a reserve location for one of the most relevant practices within the ecosystem, Liquid Staking.
According to a recent statement from Body’s Corporate Finance division, this type of activity does not qualify as a value offering under current federal law.
Liquid staking allows users to delegate Cryptocurrency Through protocols or suppliersthey already receive a token representing both the assets of the blocked funds and the rewards generated.
These tokens are freely exchanged. This gives users the potential to maintain liquidity while gaining benefits to join staff.
According to its analysis, the SEC has Liquid staking does not necessarily constitute an offer or sale Value Title According to the federal laws of 1933 and 1934. However, the agency revealed that this interpretation could vary depending on the context and specificity of each case.
In that sense, the SEC explained that its approach focuses on specific activities carried out by liquid staking suppliers, such as protecting digital assets, issuing tokens representing assets, distributing rewards, and promoting the operation of staking in the name of users.
As agents show, these functions are technical or administrative and do not imply any management or business efforts by the supplier. This is important so that it is not considered part of an investment agreement.
He also pointed out that the complementary services provided do not change this nature. Therefore, as explained, these activities They do not meet the criteria for the SO-CALLED HOWEY test – A legal test that determines whether there is an investment contract based on whether there is an expectation of profit derived from a third party effort – and as a result, it does not imply an offer or sale of a value title under current law.
SEC President Paul S. Atkins celebrated the standard as an advancement to increase clarity in regulations for new financial technology.
“Under my leadership, the SEC is committed to providing clear guidelines for the application of the law to these new activities,” he said. He also emphasized the work of Internal Initiative Code is already doing concrete fruits For the benefit of American citizens.
Recent announcements represent advances within the shift in the broader approach in the SEC’s regulatory strategy. And under the control of Donald Trump, the agency has adopted a more aggressive position. As reported by Cryptoics, this evidence, heta agencies travelling through several cities in the United States with the aim of listening directly to small ecosystem entrepreneurs.
The Crypto Project, led by Commissioner Hesterpearth, is seeking to provide space for startups and emerging teams that have so far fallen out of regulatory debate. With this more comprehensive approach, SD aims to build a regulatory framework based on dialogues that reflect sector diversity and promote transparent development of the industry.
This order, driven by Paul Atkins’ leadership, in the position of the SEC, could mark the beginning of the end over many years of legal uncertainty regarding the cryptoactive. Agents already have the idea that almost all cryptocurrencies are unregistered valuekeep the door open to clearer and more flexible regulations.