US SEC and Everstake Meet to Explore Clearer Regulatory Definitions for Blockchain Network Staking
The U.S. Securities and Exchange Commission (SEC) cryptocurrency special task force recently disclosed that it met with non-custodial staking service provider Everstake, which argues that non-custodial staking should be considered a technical protocol mechanism rather than a securities transaction. Everstake founder Sergii Vasylchuk stated that users retain control over their digital assets during the staking process and do not transfer asset ownership to a third party, making staking more akin to a fundamental technical function of blockchain networks rather than an investment product. According to the legal opinion submitted by Everstake, non-custodial staking does not meet the four criteria of the Howey Test for an "investment contract": users do not invest funds in a common enterprise, there is no expectation of profit from the efforts of others, they do not rely on the managerial actions of the service provider, and staking rewards are automatically distributed by the blockchain protocol. Therefore, it is recommended to establish clear guidelines to confirm that non-custodial staking does not constitute a securities issuance, to promote blockchain innovation and reduce regulatory uncertainty. As of now, the U.S. SEC has not taken a clear stance on this matter but has stated that it will continue to listen to industry opinions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jefferies lowers AppLovin's target price to $375
BUZZ-Humana shares rise on improved “Federal Medicare Advantage Plan” ratings
October 9 – Humana Inc (HUM.N) shares surged 14.4% in pre-market trading to $443. According to U.S. government data, 95% of HUM members participating in the “Medicare Advantage Plan” were rated four stars or higher for 2027. Higher star ratings are crucial for insurance companies, as they result in government bonuses and can boost plan enrollment. Oppenheimer analysts estimate the improved ratings could add $3.6 billion in revenue for the company. In contrast, according to Oppenheimer, competitors UnitedHealth Group (UNH.N) and CVS Health (CVS.N) saw their average ratings fall by 15% from last year, while Elevance (ELV.N) and Centene (CNC.N) also experienced declines. As of the previous trading session, HUM had gained 51% year-to-date, while UNH, CVS, and ELV posted gains between 10% and 14.4%, and CNC surged 57%.
Spotlight Stock Market halts trading in Tessin Nordic on Spotlight Stock Market
Spotlight Group’s Spotlight Stock Market halted trading in Tessin Nordic Holding shares listed on Spotlight Stock Market. Suspension took effect today, Oct. 9, 2026, with trading to remain halted until further notice. Action cited concerns that the company’s shares may not meet Spotlight Stock Market listing requirements. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spotlight Group AB published the original content used to generate this news brief via Cision (Ref. ID: 202610090454BITN____UKPR__SV_20261009-BIT-1178-0) on October 09, 2026, and is solely responsible for the information contained therein.
BUZZ-U.S. telecom stocks fall after SpaceX reaches spectrum agreement
October 9th - SpaceX (SPCX.O) has reached an agreement to acquire a portfolio of nationwide low-frequency spectrum licenses, enabling Starlink Mobile to become a major telecom operator in the US, causing a pre-market decline in US telecom stocks. T-Mobile (TMUS.O) shares fell by 6.3%, AT&T by 5.7%, and Verizon (VZ.N) by 5.1%. According to The Wall Street Journal, citing sources familiar with the matter, SPCX will pay about 8 billion USD in cash to the seller, private equity firm Grain Management, to acquire the asset. The financial terms of the agreement have not yet been disclosed by either party. This deal increases competition for traditional carriers, transforming satellite direct-to-device technology from a supplementary safety feature for remote signal dead zones into a full-fledged commercial competitor replacing terrestrial cellular networks. "Although the three major carriers (T, TMUS, VZ) face a more concrete competitive threat due to their weak performance among high-speed data users (HSDs), this is not entirely unexpected and will most likely begin in rural areas," said Morgan Stanley. So far this year, TMUS is down 15.6%, VZ is up 13.7%, and T is slightly up. European telecom stocks were also impacted, including Germany’s Deutsche Telekom (DTEGn.DE). (To facilitate non-English-speaking users, Reuters automates its reports into several other languages. As automated translations may be inaccurate or lack required context, Reuters does not guarantee the accuracy of automated translations, which are provided solely for reader convenience. Reuters assumes no liability for any harm or loss arising from use of this automated translation feature.)
Crypto prices
More
