SEC Gives Green Light to Liquid Staking—Says It’s Not a Security
The SEC just ruled that liquid staking isn’t a security in its latest guidance. The agency said Tuesday that platforms like Lido, JitoSOL, and Marinade Finance don’t need to register under securities laws—as long as their staking receipts aren’t tied to investment contracts.
“Staking receipt tokens, under these circumstances, do not involve securities,” the SEC declared, marking a major shift in its approach to crypto regulation.
The decision comes as the Trump administration pushes for a more innovation-friendly SEC.
Last week, Chair Paul Atkins unveiled “Project Crypto,” a sweeping initiative to update rules on digital asset trading and custody. The agency had already signaled in May that proof-of-stake staking doesn’t automatically count as a securities transaction.
