GM!
Today's top news:
In a very good way.
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.
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
🧠 Why It Matters
This is a major win for Ethereum and Solana, and for the broader crypto DeFi sector.
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.
And they’re accelerating.
Expect more clarity like this to keep on coming…
In Corporate Treasuries
In Memes
Here's a rundown of major token, protocol and airdrop news from the day:
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