The American Commission for Securities and Exchange (SEC) said that certain activities for setting up cryptocurrency liquid do not constitute securities offers, a notable step in the agency’s continuous effort to provide lighter advice on the regulation of digital assets.
“The declaration clarifies the point of view of the division according to which, according to the facts and circumstances, the activities of liquid implementation covered in the press release do not imply the offer and the sale of securities,” said the regulator on Tuesday, referring to the key sections of the securities law of 1933 and the SECURITIES EXCHANGE ACT of 1934.
In its declaration of staff, the SEC has defined the liquid milestone as the process of milestone of digital assets via a protocol and to receive a “reception token of liquid stake”, which serves as proof of the property of the male.
“Today’s staff declaration on the liquid milestone is an important step in the clarification of the opinion of the personnel on cryptographic asset activities that do not fall under the jurisdiction of the SEC,” said the president of the SEC, Paul Atkins, in a statement.
The clarification of the SEC comes in the middle of the growing institutional interest for the funds (ETF) on exchanges (ETF), with companies like Jito Labs, Vaneck and urging the bit of the agency to approve of liquid implementation strategies for Solana -based funds (soil).
According to Defillama, liquid staggered has become one of the largest sub-sectors in the crypto, with a total locked value (TVL) nearly $ 67 billion in all protocols, according to Defillama. Ethereum alone represents $ 51 billion in this total.
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The dry adopts the pro-Crypto approach under Paul Atkins
The announcement follows the launch of Project Crypto by the SEC-a scanning initiative aimed at revising the regulatory framework for the trading of cryptocurrencies in the United States. Like the president of the SEC, Paul Atkins, noted it last week, the project was developed in response to the recommendations of the White House working group on digital assets
Since its entry into office, Atkins has directed a more lenient approach to the regulation of digital assets, moving away from the anterior position of “application by application” of the agency under former president Gary Gensler. This change included a clarification of May that the protocols of proof of staging do not constitute transactions of titles.
Under the direction of Atkins, the SEC also took significant measures to facilitate regulatory charges on the negotiated funds in exchange for cryptocurrency (ETF).
In particular, on July 29, the agency approved creations and redemptions in kind for the Bitcoin (BTC) and Ether (ETH) ETF, allowing authorized participants to exchange ETF actions directly for underlying assets rather than in cash.
The American cryptography industry is also gaining momentum of radical political reforms designed to make digital assets more accessible. These include the adoption of the Act on Engineering, a historic Stablecoin bill and the approval of the structure of the market and anti-CBDC legislation before the recess of August.
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