Wu learned that the Corporate Finance Department of the US Securities and Exchange Commission (SEC) has issued a statement stating that certain protocol staking activities conducted on public, unlicensed Proof of Stake (PoS) blockchain networks do not constitute securities trading and are applicable to individual staking and institutions providing non custodial or custodial staking services. The statement also pointed out that services with risk reduction protection, early unlocking, reward payment, or asset aggregation functions do not automatically constitute securities issuance as a result. This statement aims to provide regulatory clarity for pledge participants and support compliant participation in network consensus mechanisms. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=43236