SEC Commissioner Caroline Crenshaw Pushes Back On Liquid Staking Statement

Main Idea
SEC Commissioner Caroline Crenshaw criticizes the Division of Corporation Finance’s liquid staking statement, while SEC Chair Paul Atkins supports it, highlighting a division within the SEC on the issue.
Key Points
1. SEC Commissioner Caroline Crenshaw sharply criticizes the Division of Corporation Finance’s liquid staking statement, calling its factual assumptions unsupported and its legal analysis limited.
2. Crenshaw emphasizes that the statement does not represent the views of the SEC or any future Commission.
3. SEC Chair Paul Atkins supports the Division’s liquid staking statement, calling it a significant step forward under the SEC’s jurisdiction.
4. Atkins highlights the SEC’s Project Crypto initiative as already producing results, aligning with the Division’s stance on liquid staking.
Description
United States Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is pushing back on the Division of Corporation Finance’s recent liquid staking statement in an August 5 statement of her own. Some Things Are Better Left Unsaid, Caroline Crenshaw Says According to Crenshaw’s Tuesday statement, the federal regulator slammed the division’s statement, alleging that certain liquid staking activities do not constitute securities, claiming that “some things are better left unsaid.” ...
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