Lido Labs responds to SEC questions, stating that governance tokens and LSTs should not be considered securities

According to Foresight News, as disclosed by the US SEC, the Lido Labs Foundation responded electronically on March 24th to questions from the US Securities and Exchange Commission's (SEC) Cryptocurrency Task Force regarding the regulatory status of governance tokens and liquid nature staking tokens (LSTs), advocating that these digital assets should not be classified as securities under federal securities laws because they have fundamental utility and operational capabilities.