US SEC Says Protocol Staking Not a Security

The U.S. Securities and Exchange Commission's Division of Corporation Finance has issued new guidance clarifying that certain protocol staking activities conducted on public, permissionless proof-of-stake (PoS) networks do not constitute securities transactions under U.S. law.

The guidance specifies that participation in protocol staking, including self-staking, does not require registration under securities laws. The SEC's clarification follows previous guidance in March regarding proof-of-work mining activities.

The statement also notes that services involving additional features such as slashing may be subject to further regulatory considerations.

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