The encryption industry is witnessing the latest instructions for the American Securities and Stock Exchange Committee to achieve a rare regulatory victory, as the stakeholders described it as a big step forward for decentralized financing and institutional accreditation of digital assets.
SEC team was released on Tuesday I issued instructions on the questionerAnd writing that under certain circumstances, the activities of the liquid liquid and the delivery symbols that they create are not constituted to securities.
“The institutions can now combine LSTS with confidence in their products that will surely make new revenue flows, expand customer bases, and enable secondary markets to be established for amazing assets,” said Mara Schmid, CEO of Blockchain Cointelegraph.
This decision paves the way for a wave of new products and services that will accelerate the prevailing participation in the digital asset markets. “
SEC’s encryption companies seek to obtain liquid symbols. On Thursday, a group of stakeholders in Solana He wrote a letter to the Supreme Education Council Click to include them in the traded boxes.
The liquid is the process of depositing encryption assets in an external provider and receiving receipt symbols in return. Distinguished symbols can be traded or used to receive in Defi without waiting for instability.
“Today’s guidelines about the liquid liquid show the same accurate understanding of the LST technology that the encryption squad offered when we met them on this topic in February,” Lucas Prodeder, CEO of Jito Labs told Cointelegraph.
Despite the clear support from the encryption industry, SEC’s guidelines have caused criticism from within the agency. Commissioner Caroline Crinko It issued a sharp oppositionWarning that the statement depends on the shaky assumptions and provides a little organizational certainty.
Related to: What is the liquid, how does it work?
Liquid liquid activities under the Howy Test
“The Supreme Education Council explains that some of the liquid activities of some securities do not include securities and therefore will not be required to register,” said Catherine Deling, General Chancellor and great compliance staff at BitWise.
Whether the activity is probably dependent on the main component in the Howe Test, the legal standard used to determine whether one of the assets or treatment is an offer for securities.
For liquid service providers, only “administrative or ministerial” jobs, such as issuing distinctive symbols that represent the ownership of amazing assets, may not lead to the requirements for registration of securities, according to the agency.
This includes those who issue “distinctive symbols to receive”, which is what the Supreme Education Council refers to the encryption assets that depositors receive in favor of their encryption assets.
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“When assessing the economic facts of the treatment, the test is whether there is an investment in money in a joint institution based on a reasonable expectation of profits that can be derived from the efforts made or administrative to others,” the Securities and Stock Exchange Authority writes.
The institutional adoption wave may help retail and influence the provision of Defi services. “The retail platforms will be able to attract more users by providing smooth access to the rewards without the closure restrictions, while the broader ecosystem benefits from increasing liquidity and innovation,” Shameed said.
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