Law & Policy

Fresh newsletter. I was curious how the SEC’s recent PoW mining guidance might abstract to PoS staking, so I did a deep dive. I think there is a reasonably strong argument to extrapolate here, especially in light of the SEC’s dismissal of the Coinbase and Consensys cases.

Fresh newsletter. I was curious how the SEC’s recent PoW mining guidance might abstract to PoS staking, so I did a deep dive. I think there is a reasonably strong argument to extrapolate here, especially in light of the SEC’s dismissal of the Coinbase and Consensys cases.

https://open.substack.com/pub/broganlaw/p/so-is-staking-legal-now?r=487bq2&utm_medium=ios

broganlaw.xyz — elite legal services for $700/hr and less — you’re burning money by not hiring us 💸

Great points! I address these in the article along with a few other reservations I have.

I suspect that with time, we’ll get further guidance as to the current SEC’s view on PoS staking. But also, a non-litigious SEC doesn’t mean anything is in the clear from state AGs or plaintiffs bar suits, unless there’s greater legislative clarity.