The SEC’s Aug 5 statement clarifies that structured liquid staking protocols for Ethereum avoid classification as securities under federal laws, offering clarity for platforms like Lido and Rocket Pool and potentially bolstering market confidence.
On Aug 5, the SEC’s Division of Corporation Finance clarified that properly structured liquid staking models, including Ethereum-based protocols such as Lido and Rocket Pool, do not qualify as securities. The guidance emphasizes that issuing receipt tokens without managerial oversight reduces regulatory uncertainty and may boost market confidence, with ETH trading around $3,615 and over 30% of ETH staked.