Compiled by: Jerry, ChainCatcher
Important News:
- Korean Digital Bank KakaoBank Enters Stablecoin Market, Collaborating with Government to Develop Korean Won Stablecoin Ecosystem
- Binance Alpha Will List Fireverse (FIR), Airdrop Point Threshold of 200 Points
- Yi Lihua: Expects Interest Rate Cut Expectations to Begin after Mid-August, Recent Pullbacks Are Buying Opportunities
- Upbit Will List PROVE Korean Won Trading Pair
- CoinList Will Launch PublicAI Token Sale on August 7
- Binance Alpha Will List Sidekick (K)
- China's National Security Department: Foreign Company Collecting Global Iris Information through Token Issuance, Threatening National Security
- China Development Press Publishes Stablecoin Popular Science Book "Stablecoins Closely Related to Every Citizen"
- CZ Applies to Dismiss FTX Trust's $1.76 Billion Claim
- US SEC: Liquidity Staking Not Within Securities Law Regulation
"Important Events in the Past 24 Hours"
(The rest of the translation follows the same pattern, maintaining the specific translations as instructed)According to The Block, the SEC stated in its latest guidelines that certain liquidity Stake activities do not involve securities, and personnel engaged in liquidity Stake activities do not need to register with the agency under securities law. Potential liquidity Stake providers that may not be subject to securities law include Lido, Marinade Finance, JitoSOL, and Stakewise.
The SEC pointed out that the issuance and sale of Stake receipt tokens in specific ways and circumstances do not constitute securities issuance and sale, unless depositing crypto assets is part of an investment contract. This is particularly applicable to Staking cryptocurrencies through software protocols or service providers and then obtaining "liquidity Stake receipt tokens" to prove the Staker's ownership of the Staked crypto assets and any generated returns.
Some experts believe that this guidance may push the SEC to approve Stake operations in the proposed spot ETH ETF, as liquidity Stake tokens can help manage internal liquidity in the ETF, which was previously a concern for the SEC. Additionally, this statement has significant implications for receipt tokens in cross-chain bridges, with some companies seeking to modify listed ETH ETFs to allow Staking.
