Main to remember
The SEC has published personnel guidelines noting that certain liquid clearing services are outside the jurisdiction of the federal securities law. Analysts now believe that this could accelerate the approval of the ETF.
The American Securities and Exchange (SEC) commission said that, as the showcase of the protocol, certain liquid puncture services are outside of federal securities.
In a statement On August 6, the finance division of dry companies added, added, added
“It is also possible for the division that the offer and sale of tokens of receipt of staggered, in the manner and in the circumstances described in this declaration, do not imply the offer and the sale of securities.”
The agency noted that the liquid clearing providers act only as agents and stigger tokens (stimulation reception tokens).
However, they do not control how the clearing occurs. As such, they are not managers and do not fall under the categorization of the “investment contract”.
Dry is divided on advice
It meant that liquid milestone tokens (LST) as a milestone Ethereum (ETH) (for example Steth), marked Solana (soil) (for example, jitosol), and others are not titles.
Therefore, suppliers of liquid stake as Rocket Pool (RPL),, Lido (LDO)And others do not need to register with the regulator.
President of the dry Paul Atkins greeted This decision as part of the agency’s efforts via “Project Crypto”.
Source: X
The SEC SCRISTER HESTER PIERCE welcomed The update, calling Liquid Staking a “new solution to an old problem”.
She added that the stakeholder tokens act as legal receipts, improve liquidity and simplify the regulations of the depositors.
However, the commissioner of the SEC Caroline Crenshaw dissident Against the directive and warned the liquid ignition providers as a “little comfort” because it could be reversed.
Ideal for the approval of ETF stimulation?
For his part, Rebecca Rettig, legal chief at the supplier of liquid ship Jito, said,,
“This is what we expected … LSTs are not titles. Ready to see them in the ETFs! ”
A similar bullish grip was made by Nate Geraci, co-founder of the ETF Institute. He note that the advice has erased a key road dam and accelerate the approval of the ETH ETF.
Source: X
The latest staff advice followed a similar to Protocol protocol In May, establishing that the proof of implementation (POS) are not titles.
This is part of a broader change in regulators, including CFTC ‘Crypto sprint‘, to offer extended clarity in the sector.
In an e-mail statement, Ray Youssef, CEO of Noones, told Ambcrypto that the modifications defined the bases of the tokenization of assets.
“This opens the way to the tokenization of assets and to a more structured and more structured digital financing system and aims to strengthen the financial hegemony of the United States in the global digital economy Web3.”
