Securities And Exchange Commission Division Of Corporation Finance Issues Staff Statement On Certain Liquid Staking Activities
Liquid staking refers to the process of staking crypto assets through a software protocol or service provider and receiving a“liquid staking receipt token” to evidence the staker's ownership of the staked crypto assets and any rewards that accrue to them. The statement clarifies the division's view that, depending on the facts and circumstances, the liquid staking activities covered in the statement do not involve the offer and sale of securities within the meaning of Section 2(a)(1) of the Securities Act of 1933 or Section 3(a)(10) of the Securities Exchange Act of 1934.
“Under my leadership, the SEC is committed to providing clear guidance on the application of the federal securities laws to emerging technologies and financial activities,” Chairman Paul S. Atkins said.“Today's staff statement on liquid staking is a significant step forward in clarifying the staff's view about crypto asset activities that do not fall within the SEC's jurisdiction. I am pleased that the SEC's Project Crypto initiative is already producing results for the American people.”
SOURCE: Newsfile SEC Press Digest
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