US SEC: Cryptocurrency Staking Does Not Fall Under Securities Law

The US Securities and Exchange Commission (SEC) has stated that liquid cryptocurrency staking activities are not considered securities-related.

The US regulator believes that participants in liquid staking activities are not required to register transactions with the Commission under the Securities Act and do not fall under one of the exemptions provided by the Securities Act for registration in connection with such liquid staking activities.

“Today’s staff statement on liquid staking is an important step forward in clarifying the staff’s position regarding cryptoasset activities that are outside the SEC’s jurisdiction,” said SEC Chairman Paul Atkins.

The official added that liquid staking service providers involved in the issuance and redemption of tokens within the staking process, as well as persons involved in secondary market offerings and token sales on staking, are not required to register these transactions with the Commission under the Securities Act or fall within one of the Securities Act’s exemptions from registration, unless the deposited backed cryptoassets are part of or are the subject of an investment contract.

Additionally, the U.S. Securities and Exchange Commission has recognized stablecoins as cash, a provision that was included in the recently passed GENIUS Act. The regulator’s cryptocurrency task force is also planning several crypto-focused roundtables across the U.S., according to a press release published Friday.

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