SEC Clarifies: Liquid Staking Not Considered Securities Offering
Main Idea
The article covers various developments in the cryptocurrency space, including regulatory actions, market trends, and institutional investments.
Key Points
1. Brazil is considering a national Bitcoin reserve proposal.
2. The White House is expected to sign an order targeting discrimination by banks against crypto companies.
3. Ripple's XRP shows bullish momentum, with 86% betting on ETF approval and significant corporate interest.
4. Traditional financial institutions have invested $100 billion in blockchain from 2020-2024, focusing on infrastructure.
5. OpenAI’s ChatGPT nears 700 million weekly users, driven by new features and business subscriptions.
Description
SEC says liquid staking and LST tokens aren't securities under US law. Projects and users don't need to register liquid staking transactions. The move boosts institutional confidence but faces some internal dissent. The US Securities and Exchange Commission (SEC) has issued a position statement on liquid staking, clarifying that these activities and the tokens issued by such protocols do not constitute a securities offering. According to this guidance, both projects issuing liquid staking tokens...
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