I don't know how many people overlooked the Protocol Staking Statement released by the SEC's finance department at the end of last month, Clear node self pledge, entrusted non custodial pledge, and custodial pledge, as long as they meet the conditions of only providing administrative/transactional services and not guaranteeing returns, do not constitute securities issuance, To put it simply, 99% of staking on current or future PoS chains is not securities trading. The SEC is basically for ETH spot ETFs