The U.S. SEC stated that liquid staking participants are exempt from securities law disclosures. Liquid staking involves depositing covered crypto assets into a third-party staking protocol provider. Total-value-locked in liquid staking is nearly $67 billion, with $31.7 billion in Lido. Token prices for liquid staking protocols like Lido, Jito, and Rocket Pool saw a slight increase post-SEC statement. While not binding, the SEC’s statement provides insight into their stance on liquid staking activities. Liquid staking providers must not control depositors’ assets to avoid being considered an investment contract. Join the crypto policy discussion on Sept. 10 in D.C. with CoinDesk: Policy & Regulation.

Read more at Yahoo Finance: SEC Says Liquid Staking Doesn’t Run Afoul of Securities Laws