Gensler Says Proof-of-Stake Assets Could Be Securities: Report

Jon Breyfogle

Digital Securities Lab Community Manager
Staff member
May 30, 2022
Findlay, Ohio
Following up on a previous post, SEC Chairman Gary Gensler last Thu (12/15/22) said that proof-of-stake cryptocurrencies could be securities, according to a report in the Wall Street Journal.

Gensler said that the native assets of proof-of-stake blockchains, which allow holders to passively earn returns through staking, could pass the Howey test, The Wall Street Journal reported Thursday. There are many such assets currently on the market, including Cardano, Solana, and as of today, Ethereum—the second-largest cryptocurrency by market cap.


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