Participants in the liquid state, including depositors and suppliers, do not need to worry about the dissemination of the Securities Law, the United States Stock Exchange and Securities Commission said on Tuesday in a staff statement.
The statement, published by the Corporation’s Finance Division, is specific to liquid sprinkler, where participants deposit “cryptographic assets” in a third -party protocol provider, which in turn provides receipt tokens to depositors.
The commitment to liquid allows users to block tokens in stagnation test blockchains while maintaining access to their funds through derived tokens. These tokens can be used for several defi activities. Currently, the fluid rethinking in all block chains has almost $ 67 billion in the total value (TVL), with $ 31.7 billion in Lido, according to defillma data.
The chips tied to a series of liquid bet protocols, including Lido, Jito and Rocket Pool, rose marginally after the DEC statement was published, but they are still low in the day trade, Coingcko showed.
Undoubtedly, the SEC had previously published another statement of the personnel that addressed other forms of rethinking. Similar to the previous statement, Tuesday’s note on liquid spray is not the same as the binding orientation of the commissioners or regulations that have gone through the formal SEC regulation process.
However, the new statement indicates how the agency is thinking about the issue and suggests that any participant of the cryptographic industry that follows the guide will not be sued by the regulator.
Tuesday’s statement is specific to what Liquid Starking suppliers do, “including their roles in relation to the gain and distribution of rewards, cuts and minting, emission and red food of reception tokens”, as well as other auxiliary services. The main warning is that deposited encryption assets cannot be “part or subject to an investment contract.”
“In a liquid rethinking arrangement, the liquid rethinking provider (either a node operator) does not provide business or managerial efforts for depositors for those who provide this service,” the statement said.
“These agreements are similar to those discussed in the declaration of rethinking of the protocol with respect to the ‘custody agreements’. The liquid rethinking provider does not decide whether, when or how much of the cryptographic assets covered by a depositor is put into account and simply acts as an agent in relation to the rethinking of the cryptographic assets covered in the name of the depositor,” said the statement.
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