The Securities and Exchange Commission (SEC)’s Clarification on Liquid Staking (SEC) continued to raise asset prices across the staking sector this week.
Several layer 2 networks are also beneficiaries of ETH’s recent rise. Ethereum Scaling Solution’s optimism native token (OP) rose 8% over the last 24 hours, earning a 13% gain each week, while rival network blast also experienced a 6.3% increase.
Mantle uses optimistic rollups to process transactions off-chain before settling on Ethereum MainNet, and is the leader of the pack, with MNT tokens increasing by 50% over the past week.
The general staking sector outperforms the wider market, with LDO increasing by 12.3% over the past 24 hours and ETHFI increasing by 5.4%.
This clarification came after a very short “Altcoin season” last month, leading to a series of key moves in Altcoin against the Bitcoin trading pair.
The SEC clarification on liquid staking could open the floodgates to the agency’s capital. This is open to investments in assets such as ether, but has not achieved yields through debt as it was previously a regulatory grey area.
Rebecca Rettig, part of Jito’s legal team, suggested that liquid staking tokens could become part of the ETF following the SEC announcement.