SEC Declares Liquid Staking Tokens Aren’t Securities-But Will the Drama End Here? 🎭
In language so dry it could cure a raisin, the SEC declared that these liquid staking activities don’t fall under the purview of the Securities Act of 1933 or the Securities Exchange Act of 1934. Fancy that! Participants, it seems, can breathe a sigh of relief and avoid the bureaucratic nightmare of registering their transactions. Huzzah for small mercies!