The US Securities and Exchange Commission said in a staff statement on Tuesday that participants in liquid stacking including depositors and providers do not need to worry about the disclosure of securities law.
statementPublished by the Division of Corporation Finance, is specific to liquid stacking, where the participants deposit the “covered crypto assets” in a third-party stacking protocol provider, which in turn provides receipt tokens to depositors.
The liquid staking allows users to lock the tokens in the proof-of-station blockchain while maintaining access to their funds through the derivative tokens. These tokens can be used for various DEFI activities. Currently, all blocks in liquid stacking are about 67 billion dollars in the total-half (TVL), according to $ 31.7 billion in Lido, Defilage data,
Tokens tied to several liquid stacking protocols, including lids, jito and rocket pools, Gone a minor up After the SEC statement was published, but still on the day trade, Koingko showed.
To ensure this, the SEC had previously published another staff statement, in which other forms were addressed. Similar to the previous statement, Tuesday’s note on liquid stacking is not similar to binding guidance through commissioners or rules that have passed through the formal rule of SEC.
However, the new statement indicates how the agency is thinking about the issue and suggests that no crypto industry participating the guidance will be sued by the regulator.
Tuesday’s statement is specific to what the liquid stacking providers do, “include their roles in relation to earnings and distribution, slashing, and mint, stating, issuing and frying the receipt tokens,” as well as other supporting services. The main warning is that the deposited crypto assets “may not be part of the investment contract or under.”
The statement said, “In a liquid stacking system, liquid stacking provider (whether a node operator or not) does not provide entrepreneurship or managerial efforts to depositors, for which it provides this service,” the statement says.
“These arrangements are discussed in the protocol statement statement in relation to ‘Custodial arrangements’. The statement said that the liquid stacking provider does not decide whether, when, or when, or how many depositor’s covered is the property of the crypto, which is working in the statement in the form Has gone.
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