Everstake Defends Non-Custodial Staking as SEC Weighs Industry Input

Everstake Defends Non-Custodial Staking in Talks with SEC

Blockchain validator Everstake has met with the United States Securities and Exchange Commission’s (SEC) Crypto Task Force in an effort to promote the recognition of non-custodial staking as a technical process rather than a securities transaction. The meeting comes after over $193 billion worth of assets have been staked on proof-of-stake (PoS) chains, yet U.S. regulation around staking remains unclear. Legal Uncertainty Clouds U.S. Staking Mar…

SEC and Everstake Discuss Regulatory Clarity on Non-Custodial Staking

Everstake stated to the SEC that non-custodial staking should not be grouped as a securities transaction.  It says that non-custodial staking does not consist of assets or the presumption of profits from managerial efforts.  The US Securities and Exchange Commission and Everstake are in discussions to explore clearer regulatory definitions revolving around taking and blockchain networks. Recently, both bodies held a meeting related to the Crypto…

Everstake champions non-custodial staking amid SEC's industry input review

Everstake offers a strong defense against the recent non-Everstake SEC non-custodial staking guidance. The company advocates for non-custodial staking solutions as the SEC considers feedback from the industry. The regulatory landscape for staking services is evolving, with various stakeholders providing input to shape the future of the industry. Non-custodial staking has gained popularity as a way for token holders to participate in staking with…

Everstake defends non-custodial staking as SEC weighs industry input

The US Securities and Exchange Commission (SEC) has held discussions with Everstake, one of the largest non-custodial staking providers globally, to explore clearer regulatory definitions around staking in blockchain networks.The meeting, which also involved the SEC’s Crypto Task Force, comes at a time when over $193 billion in digital assets are staked across major proof-of-stake (PoS) networks.However, despite the massive scale of participatio…

Everstake to SEC: Non-Custodial Staking Shouldn’t Be Regulated as Securities

Everstake has urged the U.S. Securities and Exchange Commission (SEC) to clarify that non-custodial staking should not be regulated as a securities transaction. The meeting comes amid rising regulatory uncertainty that threatens to undermine the foundational role of staking in blockchain networks. E...