SEC Commissioner: Staking activities are not within the jurisdiction of securities laws, and the SEC will issue further guidance to clarify the regulatory scope

According to ChainCatcher news, in an official blog post by the staking service provider Figment, Hester Peirce, the head of the SEC's cryptocurrency working group, clearly stated in a speech on May 19 that the technical activities involved in directly participating in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) systems do not fall under the jurisdiction of securities laws. This is the first time a senior SEC official has made such a statement regarding staking activities.

Peirce pointed out that the SEC will issue further guidance to clarify which activities are not subject to securities laws, including technical services that assist in participating in consensus mechanisms. She acknowledged that the SEC's past enforcement approach has failed to effectively prevent fraud and has instead caused confusion for compliant operators. This statement is seen as a positive signal for U.S. institutions participating in staking activities. Figment stated that this will encourage broader adoption of staking services by U.S. institutions.