NEWS: SEC has ruled that crypto liquid staking activities are not considered securities. Let's break it down 👇

2/ Protocols like @LidoFinance, @MarinadeFinance, and @jito_sol will no longer be subject to the legislation as securities. This removes regulatory headwinds, allowing US-based customers and institutions to adopt liquid staking technologies.

3/ The sale and transfer of liquid staking receipt tokens are also exempt unless they are a part of an investment contract. Users based in the US can now stake, trade, and use receipt tokens in DeFi without worrying about securities laws.

4/ The declaration has prompted corporate adoption as ETF issuers, including BlackRock, seek to add staking as part of their spot $ETH ETFs. Since the announcement, liquid staking governance tokens have seen a spike in trading volume and price - notably $MNDE, $MILK, and $RPL.

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