Pump Fun re-flips LetsBonk in volume, market share; Pump coins jump
The SEC is going on offense right now with respect to crypto.
In a very good way.
The SEC has formally exempted major Ethereum and Solana staking protocols, Lido and Jito, from securities laws.
This ruling means that their staking services, and the liquid staking tokens they issue (stETH, mSOL, jitoSOL, etc.), will not be treated as securities under U.S. regulations.
SEC Exempts Liquid Stakers Like Ethereum’s Lido, Solana’s Jito From Securities Laws
The decision came after months of speculation that liquid staking might be in the crosshairs following the Commission’s lawsuits against other staking-as-a-service offerings.
And it’s likely the final clarification needed to give the greenlight to the staking ETFs.
“SEC says certain liquid staking tokens are NOT securities… Think last hurdle in order for SEC to approve staking in spot eth ETFs. The reason? Liquid staking tokens will be used to help manage liquidity w/in spot eth ETFs, something that was a concern for SEC.” – Nate Geraci, on X
“The SEC continues to provide clarity–today, it’s liquid staking. In a detailed statement, they carefully demonstrate why ordinary liquid staking activities should not be regulated under securities laws. Huge win.” – Miles Jennings, on X
For months and years, crypto staking was in a gray zone.
That’s no longer the case.
The SEC’s move does more than remove legal risk for Lido and Jito; it clears the path for non-custodial, protocol-level staking.
But perhaps the biggest takeaway of all – the SEC is making good on their promises and guidance laid out in Project Crypto.
