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The SEC's finance department has just released an article on whether PoS protocol staking constitutes securities issuance. In short, as long as you are participating in protocol staking activities on the PoS network, whether you are staking yourself, entrusting staking, or through third-party staking, it is not considered a securities act, does not require approval registration, and is not illegal.
The SEC believes that protocol staking is a technical participation in online activities, essentially involving execution and manipulation, rather than handing over money and letting others help you make money.
So you receive rewards not because you invest in others, but because you personally participate in the operation of the network, so it does not constitute securities investment behavior (which does not meet the Howey test). Pledge rewards are labor income.
You maintain the operation of a PoS network through staking (such as ETH), and the rewards you earn are due to your contributions. Not relying on the efforts of others, but on the motivation obtained according to the rules of the internet.
So this is not securities, it does not require SEC approval and registration, and it is not illegal.
This news may lead to the faster passage of ETH's pledge bill, which is also good news for the long term!
Recently, BTC has been showing continuous positive news, but its price has not risen. Not only has it not risen, but it has also fallen slightly. On the contrary, the trend of BTC in the US stock market is still good. In the three working days after this week's work, BTC has also fallen for three consecutive days, while the US stock market has risen for three days. We also discussed this issue yesterday. Bitcoin has already returned to pre tariff levels a long time ago, but the US stock market still has some room for improvement before the tariffs. However, I don't know whether today's MSTR has gone ahead: yesterday's good news is that 401K pension can enter the cryptocurrency market; today's good news is that Trump's tariff policy has been temporarily suspended. Except for some tariffs with China, as well as automobile and steel, the other 10% of basic tariffs and equivalent tariffs have entered the 14 day suspension period.
Although the Trump government is also actively fighting a lawsuit and preparing to study new plans to re control tariffs, this lawsuit can at least let Trump know that even the president can't do what he wants, and the problems encountered by tariffs may be reduced. Secondly, Trump finally met with Powell publicly after taking office. Although there was no substantive discussion on monetary policy, and after the meeting, the White House announced that Trump believed that Powell's decision not to cut interest rates was wrong, but this meeting can also show Trump's urgency for economic and monetary policy. I hope it can bring some help.
Looking back at the data of BTC, although the price has fallen, the turnover rate is also decreasing, which has not yet caused panic. Short term investors, especially short-term loss making investors, are still the main force of turnover, while earlier investors are still on the sidelines. The support is still between $93000 and $98000, with little fluctuation, after all, even if the price changes, the current support level is still
Very stable, tomorrow will be the core PCE data. Although I don't think it will have a significant impact, if the data is better than expected, it will also boost market sentiment. However, if it's not good, it's estimated that the weekend will not be easy.
Operation suggestion:
BTC105500 long. First target: 107500. Second target: 109650
ETH 2580 long. First target is 2650. Second target is 2720
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Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent AICoin's position or viewpoint and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AICoin, and the consequences shall be borne by oneself.
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