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SEC says many staking services no longer subject to agency jurisdiction

Image of the front of the SEC's headquarters in Washington, DC.
Photo: Getty Images

The SEC said protocol staking isn’t a securities transaction, paving the way for potential ETF staking approval.

The SEC’s Division of Corporation Finance released guidance last Thursday that could allow crypto platforms whose users lend their tokens to help secure the platform – a process known as “staking” – to avoid registering their activities with the Commission.

“It is the division’s view that ‘protocol staking activities’ (as defined below)