SEC’s Crenshaw blasts liquid staking guidance as misaligned with reality

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In a scathing statement on Tuesday, SEC Commissioner Caroline Crenshaw slammed the agency’s new liquid staking guidance, accusing the Division of Corporation Finance of building “a wobbly wall of assumptions” that fails to reflect how the industry actually operates. The guidance declares that liquid staking activities do not constitute securities transactions. This means participants would not be required to register such activities with the SEC. This move could ease regulatory pressure on block...