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SEC staff categories do not classify cbETH or stETH

Verifying
  • SEC staff distinguishes staking receipts from protocol-issued digital commodities.
  • Coinbase requires eligible cbETH holders to unwrap before requesting unstaked ETH.
  • Lido processes stETH withdrawals through a queue, while sales depend on market buyers.
ETH
STETH
CBETH
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SEC staff categories do not classify cbETH or stETH - CoinPost Terminal