Jason Gottlieb Quoted in The Block on SEC’s Guidance That Liquid Staking Is Not a Securities Transaction
Partner Jason Gottlieb, chair of Morrison Cohen’s Digital Assets and White Collar and Regulatory Enforcement Practices, was quoted in The Block in an article entitled “SEC Declares Liquid Staking Is Outside of Securities Laws in Latest Guidance Following 'Project Crypto' Initiative.” The article discussed the SEC’s newly released staff statement confirming that certain liquid staking activities do not require registration under federal securities laws, marking a significant moment for the crypto industry and offering much-needed clarity.
The recent guidance is part of the SEC’s broader Project Crypto initiative, introduced last week by SEC Chair Paul Atkins to modernize rules around crypto distributions, custody and trading. It follows the agency’s earlier statement that proof-of-stake staking activities are not securities transactions, signaling a more crypto-friendly regulatory environment.
Jason emphasized the broader impact of the SEC’s stance, stating, “The Staff’s statement on liquid staking tokens has significant implications for other cryptocurrency matters as well, particularly including receipt tokens for cross-chain bridging or other similar wrapped tokens, which by the same logic are simply receipts, and cannot, without more, be securities.”
Read the full article here.
Contacts
- Jason P. Gottlieb Partner & Chair, Digital Assets; Chair, White Collar and Regulatory Enforcement
- jgottlieb@morrisoncohen.com
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