SEC Official: Staking Activities Outside Securities Law Jurisdiction

Hester Peirce, head of the U.S. Securities and Exchange Commission’s (SEC) crypto task force, has made a significant statement on staking activities. Speaking in May 2023, she clarified that technical operations involved in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) systems are not subject to securities laws. This marks the first time a senior SEC official has explicitly ruled on this issue.