CTF Written Submission
Re: Response to RFI of Crypto Task Force
March 24, 2025
- Governance tokens provide essential utility for decentralized blockchain networks and should not be classified as securities.
- Liquid staking tokens (LSTs) are akin to warehouse receipts for commodities and do not implicate federal securities laws.
- The SEC should provide legal clarity on the status of LSTs to ensure market certainty.
Last Reviewed or Updated: April 3, 2025