Key takeaways
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The SEC has clarified that solo staking, delegated staking and custodial staking, when tied directly to a network’s consensus process, do not qualify as securities offerings.
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Post May 29 guideline, rewards earned from network validation are seen as compensation for services, not profits from the efforts of others, removing them from the Howey test classification.
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Validators, node operators and retail or institutional stakers can now participate without fear of regulatory uncertainty, encouraging wider adoption of PoS networks.
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Yield…