The SEC approves Ethereum and Solana staking services

ChainCatcher news, according to Decrypt, the U.S. Securities and Exchange Commission (SEC) has issued a statement formally exempting liquid staking protocols such as Lido for Ethereum and Jito for Solana from securities laws. This decision sets a regulatory precedent for non-custodial staking in the decentralized finance (DeFi) space.

Data shows that Lido currently manages over 30% of staked ETH, while Jito is a core service provider for staking and MEV infrastructure in the Solana ecosystem. The SEC's decision is seen as a continued advancement of the Project Crypto initiative.