SEC's Division of Corporation Finance issued new guidance stating that certain proof-of-stake services are not considered securities transactions.
The guidance marks a significant shift in the SEC's interpretation of staking activity and is seen as a major regulatory win.
This change is a departure from former Chair Gary Gensler's stance, who previously viewed many forms of crypto staking as securities offerings.
The updated guidance follows the introduction of the CLARITY Act, signaling a shift in how U.S. regulators approach decentralized technologies and offering clarity for staking services.