On the 6th, Caroline Crenshaw, a commissioner of the U.S. Securities and Exchange Commission (SEC), criticized the SEC's liquidity staking statement in an official statement. The reason is that it did not provide clear criteria and only increased confusion.
Earlier on the 5th, the SEC announced through an official statement that it would exclude liquidity staking activities from securities law.
Commissioner Crenshaw warned that "the SEC's decision relies on unverified assumptions and contains content disconnected from market realities" and that it "could have a negative impact on the $67 billion liquidity staking market."
While SEC Chairman Paul Atkins assessed the SEC's action as an important advancement in clarifying the regulatory scope, Commissioner Crenshaw pointed out that the SEC's decision only increases industry uncertainty.
Liquidity staking is a method that allows cryptocurrency holders to continue staking their assets while simultaneously using tokenized assets for various activities such as trading, lending, and DeFi. This expands the liquidity of proof-of-stake (PoS) networks, improves capital efficiency, and enhances staking reward accessibility.
The SEC explained that liquidity staking is similar to the practice of depositing goods with an agent.
According to on-chain analysis platform DeFiLlama data, liquidity staking has grown to approximately $67 billion, with Ethereum leading the market at around $51 billion. Major platforms include Lido Finance, Rocket Pool, and Anchor. These platforms provide an environment for staking assets while maintaining liquidity and are driving market growth.
Reporter Jung Ha-yeon yomwork8824@blockstreet.co.kr
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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