SEC’s Division of Corporation Finance issued a staff statement on Tuesday, stating that properly structured fluid control protocols and their receipt token do not generally constitute securities under US law.
This clarity has led to modest upticks in token prices and protocol activity. Lidos Government, LDO, increased by approx. 4.5%, from $ 0.88 to $ 0.92 before retiring to support. Similarly, Rocket Pools RPL -Token rose 10.5%and reached $ 7.28 from $ 6.59 before he also gave up some winnings.
Defillama -Data reveals that Total Liquid -Stacking Tvl is approx. $ 67 billion, with Lido dominating to $ 31.7 billion and maintaining a market share of 47%. Despite the token preaching, inflow remained for action protocols stable without any significant shift in capital rotation.
Liquid Staking -Tokens and Government Forms Tied to Decentralized Poor Platforms experienced a measured positive response. CoingeCko and Defillama data indicates modest upward movement, with more tokens rising between 5% and 10%.
Instead of triggering a stream of influx, SEC’s clarification seems to have established baseline confidence. The order strengthens confidence in decentralized stack models that previously fell into a regulatory gray area.
SEC’s clarification was quickly praised over crypto -legal circles. Rebecca Rettig, part of Jito’s legal team, wrote on X that it was a “real team effort across ecosystems” and suggested that Liquid Staking -Tokens could be seen in ETFs.
Lido’s most important legal officer Sam Kim added: “This is a great victory for stakes as they can now participate in efforts, the benefit of liquidity while maintaining the ownership of their stacked assets.”
The legislative clarification can lead to a wave of institutional capital, especially since the defi race to capture the best yield continues to warm up.
