Is liquid security? Dry gives its detailed opinion

SEC clarifies activities to download liquid

Tuesday, The Division of Corporations Finance at the Securities and Stock Exchange Commission (SEC) shared its opinion in terms of liquid locationFind out whether or not securities laws are related to this.

In short, remember that liquid planting is to store cryptocurrency in stuking to secure blockchain and perceive rewards by obtaining the token in the parallel token as evidence of a deposit that can be used elsewhere in decentralized funding (deficit) to maximize revenues. The emblematic example is Lido’s Steth.

👨 What is liquid betting and what are its advantages?

First, SEC believes that participants under the evoking activities are not bound to any record of their transactions under the Securities Act. In addition, the offer and sale of deposit is not related to the sale of securities:

The division also estimates that the offer and sale of income to the income, in the way and in the circumstances described in this statement, do not mean the offer and sale of securities within the meaning of Article 2 (a). (A) (1) of the Act or Article 3 (a). A) paragraph 10 (10) of the Exchange Act, unless the crypto-active assets are a partial investment agreement.

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In his study on the question, the dry test of Howey, whose methods we have been able to specify in this article on securities in this article.

Where the previous administration looked for all the costs of bringing a good number of crypto activities in the area of this test, we are seeing the opposite interpretation with the division of corporation financing, which excludes the liquid stuking activity of the test.

Of course, the Federal Agency also specifies that all of its statements do not apply to liquid download activities’ that do not meet the set descriptions ».

This clarification is therefore full of sense because it is part of the continuity of abandoning certain cases associated with downloading, Where SEC has been able to criticize cryptocurrency platforms for providing security -related services without recording.

In February 2023, for example, Kraken ended its download services in the United States and agreed to pay a fine of $ 30 million to not go to the court. In this context, the oldest may be remembered ” This is a bet, not a steak From Gary Gensler on the occasion of an explanatory video.

👉 In the reports also-cftc launches the “Sprint Crypto” market that will provide regulatory clarity in the United States

While the crypto working group of the White House published many recommendations in sight of the sector, it would not be surprising to see other similar drought statements in the near future.

Create an account for Kraken: the most famous crypt exchange

Source: Dry

Since 2021 I have devoted my free time to seriously train for cryptocurrencies to gain maximum knowledge and credibility. I often have the opportunity to interview influential personalities from the blockchain industry. I also perform Web3 topics analyzes to offer exclusive content to cryptoast readers.

Vincent mayor

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