SEC and Everstake Seek Regulatory Clarity on Non-Custodial Staking

Everstake has engaged in discussions with the SEC regarding the regulatory classification of non-custodial staking. The firm argues that this method, where users directly control their assets during staking without involvement of third parties, should not be categorized as a security offering. Everstake maintains that non-custodial staking is a technical function rather than an investment product. They believe this distinction will help clear the legal ambiguity surrounding its classification under securities law.