Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), stated that staking services indicate that an asset is a security.
SEC Chairman Gary Gensler September 15 on in his speechused by staking brokerages and cryptocurrencies to determine whether an asset is a security. Howey’s test He said they could enter. The Howey test of a being to the efforts of others based on return examines whether it is taken by investors hoping to acquire
For Gensler staking;
From a Howey perspective on coin, staking services are another indication that the investing public expects profits based on the efforts of others. Staking, on the other hand, is quite similar to lending, despite the name differences.
used the phrases.
President last year crypto loans submitting companies to the SEC they need to register insisted that it continued its activities without registering with the SEC in BlockFi in February. 100 million dollar fined.
Eyes after Gensler’s statements to Ethereum (ETH) translated. Previously by the SEC With a Proof of Work system (PoW) Working Ethereum was known to be considered a commodity. However, according to Gensler’s statements, with the Merge update, Proof-of-Stake system (PoS) It seems likely that Ethereum will be classified by the SEC as a security just like other PoS cryptocurrencies.