SEC Statement: Some PoS protocol staking activities do not require securities registration.

Gate News bot message, the U.S. Securities and Exchange Commission (SEC) Division of Corporation Finance has released a latest statement clarifying that certain staking activities under the attestation (PoS) mechanism do not require securities registration.

The statement specifically lists three types of staking that do not require registration: self-stake, self-custody staking through a third party, and compliant custody staking.

The SEC pointed out that the above staking activities fall under the category of administrative and transactional operations, and their staking rewards are reflected as consideration for network verification services, rather than as investment returns obtained from the management efforts of others, which do not meet the definition criteria for securities under the “Howey Test.”

Source: U.S. Securities and Exchange Commission Corporate Finance Division

原文链接