Here, Gensler believes stakers (who put capital AND resources up to secure a network) are investors.
11 Feb 2023, 16:35
Here, Gensler believes stakers (who put capital AND resources up to secure a network) are investors. I think that's a very dangerous precedent. Are Bitcoin miners (who put up the same, just in a different format) investors too?
How about periphery security nodes in corp networks?
Today @SECGov charged Kraken for the unregistered offer & sale of securities thru its staking-as-a-service program.
Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries must provide the proper disclosures & safeguards required by our laws.