US SEC releases statement: liquid pledge activities are not considered securities

According to Foresight News, the U.S. Securities and Exchange Commission (SEC) issued a statement on liquidity pledge activities, clarifying that liquidity pledge activities are not considered securities and that persons engaged in liquidity pledge activities do not need to register with the institution under the securities law. Liquidity pledges that may not be subject to the securities laws include Lido, Marinade Finance, JitoSOL and Stakewise. The US SEC pointed out that the issuance and sale of pledged receipt tokens under specific methods and circumstances does not constitute securities issuance and sale unless the deposit of crypto assets is part of the investment contract. This applies especially to pledging cryptocurrencies through software protocols or service providers and then obtaining a “liquidity staking receipt token” to prove the stakeholder’s ownership of the staked cryptoasset and any gains generated.

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