NEWS: SEC has ruled that crypto liquid staking activities are not considered securities.
Let's break it down 👇
2/ Protocols like @LidoFinance, @MarinadeFinance, and @jito_sol will no longer be subject to the legislation as securities.
This removes regulatory headwinds, allowing US-based customers and institutions to adopt liquid staking technologies.
3/ The sale and transfer of liquid staking receipt tokens are also exempt unless they are a part of an investment contract.
Users based in the US can now stake, trade, and use receipt tokens in DeFi without worrying about securities laws.
4/ The declaration has prompted corporate adoption as ETF issuers, including BlackRock, seek to add staking as part of their spot $ETH ETFs.
Since the announcement, liquid staking governance tokens have seen a spike in trading volume and price - notably $MNDE, $MILK, and $RPL.
Want the full roundup of the latest in crypto?
Check out GeckoPulse 👇
18.32K
123
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.