It sounds like they are calling staking services securities, not necessarily the underlying assets bring started.
Discussion
If it's up to me all except #Bitcoin is a security. But, lets wait for the grand finale...
I shudder to say this, but I don't think Litecoin or Dogecoin would qualify as securities.
Staking for retail I’m sure.
Which means ETH entire model shifts to Institutional.
Completing the “rules for thee, not for me” rug.
jThe pick whatever they want whenever it suits them. Imo the SEC complaint from yesterday is a direct response to China opening up Hong Kong for crypto / securities trading. Unless it's a coincidence that the SEC files right after the weekend and the majority of assets on their complaint are chains originating in Asia.
For now. In my mind, any token that had an ICO could also potentially pass the Howey test.