SEC Don Exempt Liquid Staking Tokens from Securities Laws, E Spur DeFi Growth
Di US SEC Division of Corporation Finance wey Paul S. Atkins dey lead don release staff guidance wey clear say liquid staking activities fit no be securities under Securities Act of 1933 and Exchange Act of 1934 if dem meet correct criteria. Di guidance define liquid staking as protocols wey lock crypto assets come issue “liquid staking receipt tokens” wey represent ownership of staked assets and rewards, wey different from traditional securities. Dis move follow advocacy from Jito Labs, Bitwise Asset Management, Multicoin Capital, VanEck, and Solana Institute, plus e join with SEC’s Project Crypto wey dey update digital asset custody and make crypto activities come back go US markets. Since Atkins begin, e don reduce enforcement actions against Coinbase, Uniswap, and Robinhood, wey show e get better crypto-friendly mind. Wit over $67 billion total value locked (TVL) for liquid staking—$51 billion for Ethereum—and more interest for Solana, dis regulatory clarity fit boost DeFi growth, allow new liquid staking products, and make US strong for global crypto sector.
Bullish
Di clear position wey SEC take don remove regulatory wahala about liquid staking tokens, e mean say e reduce compliance risks for protocol operators and institutional investors. This kind clarity go fit make short-term market dey optimistic about Ethereum staking derivatives and DeFi tokens, and for long-term, e go open way for more money to flow into staking services, wey go increase demand for ETH and related assets. DeFi protocols fit for see more product launches and higher TVL, wey go further support positive outlook.