In short

  • SEC employees say that liquid staking tokens for Ethereum are not securities if they are merely receipts.

  • In 2023, the SEC made Kraken pay $30 million, and filed a lawsuit against Coinbase over staking.

  • One of the Securities and Exchange Commission’s commissioners warned that the team’s assumptions about staking may not match reality.

Read the original article: SEC Authority explains new rules regarding tokenized Ethereum by Lockridge Okoth on ar.beincrypto.com

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