SEC Clarifies Liquid Staking, Boosts ETH to $4K and Layer-2 Tokens
The U.S. SEC clarified that liquid staking protocols are not securities, positively impacting the staking sector.
- ETH rose to $4,000, its highest since December.
- Layer-2 networks benefited from ETH's rise; Optimism’s token (OP) increased by 8% in 24 hours, totaling a weekly gain of 13%.
- Mantle's MNT token surged 50% over the week.
- Overall staking sector performance: LDO up 12.3%, ETHFI up 5.4% in 24 hours.
- The SEC's clarification may attract institutional capital previously hesitant due to regulatory uncertainties.
- Liquid staking tokens could potentially be included in an ETF, according to legal insights from Jito’s team.
