SEC Declares Proof-of-Stake Staking Isn’t a Security—Crypto Bulls Cheer
The SEC just dropped a regulatory bombshell: staking in proof-of-stake networks doesn’t qualify as an investment contract. Cue the champagne pops in crypto circles.
Why it matters: The ruling cuts through years of legal ambiguity—staking rewards now avoid the securities spotlight. No more squinting at Howey Test fine print.
The fine print: While the decision bypasses one regulatory hurdle, the SEC still has DeFi in its crosshairs. TradFi lobbyists are already sharpening their knives.
Bottom line: Another win for crypto’s infrastructure—and another headache for Wall Street’s fee-extraction machine. Somewhere, a Goldman Sachs VP just spilled their $27 almond-milk latte.
