Today, the SEC’s Corp Fin division clarified that liquid staking services & LSTs are not considered securities. This long-awaited guidance removes key regulatory uncertainty and reflects years of advocacy and engagement by many in the industry. This is a big win for stakers since they can now participate in staking, have the benefit of liquidity, while maintaining ownership of their staked assets. Commissioner Peirce echoed this guidance and captures the value to customers when she states, "A person who stakes her crypto assets through a liquid staking protocol ... receives liquid staking tokens (“LSTs”).... LSTs enable her to transfer her staked crypto assets to another blockchain ... without unstaking her crypto assets, which reduces unnecessary transaction costs.... can use the LSTs as collateral or to participate in crypto applications, which can generate a return." @LidoFinance sec.gov/newsroom/speeches-st… sec.gov/newsroom/speeches-st…