U.S. SEC Commissioner Caroline Crenshaw severely criticized a staff statement issued by regulators’ corporate finance department on Tuesday, praising SEC’s position on Liquid Staking Activitysaid this caused more confusion than clarity.
Crenshaw’s retort: “Some things are best not to say.” debate Employee statements “rely rely on unverified assumptions to stain the water.”
Crenshaw said the statement created “the fact that there is no anchor in the reality of the industry”, warning liquid stacking entities to proceed with caution: “Warning liquid staker.”
SEC employee statement says certain liquid evaporation activities Does not constitute a securities productdepending on their structure. Chairman Paul Atkins said the move outlines which crypto asset activities are outside the institution’s jurisdiction.
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SEC Commissioner Hester Peirce also released Comment After the agency issued a statement, it was considered that liquid statements were a familiar practice, similar to placing goods to agents that issued receipts.
“Today’s statement sets out the department’s view that liquid storage activities related to grouping of agreements do not involve offers and sale of securities,” Peirce wrote.
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What is liquid accumulation and why is it important?
Liquid static Crypto holders earn rewards Deposit their assets when trading, borrowing, or otherwise participating in DEFI using tokenized versions (liquids contain tokens). It increases liquidity and flexibility of fixed networks, thus making capital use more efficient and allowing for wider occupational benefits.
Liquid evaporation has rapidly evolved into a large part of the cryptocurrency market, with nearly $67 billion locked in based on various protocols defill data.
Currently, Ethereum dominates this space, accounting for about $51 billion of the total. Leading platforms in liquid points include Lido Finance, Rocket Pool and ANKR, which drive most of the growth by enabling users to carry assets while maintaining liquidity.
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