# SEC States Liquid Staking Not Securities *The SEC clarified that liquid staking activities do not constitute securities under the Securities Act of 1933 and the Exchange Act of 1934.* By [ETH Daily](https://ethdaily.io) · 2025-08-06 news, 2025, july2025 --- Quick Take ---------- * Liquid staking activities are not securities. * Ethereum L1 Scaling update. * Base block production disruption postmortem. * SharpLink achieves a 521k ETH Treasury. * * * [ SEC States Liquid Staking Not Securities ---------------------------------------- Listen to this episode from ETH Daily - Ethereum News on Spotify. The SEC states that liquid staking activities are not securities. Ethereum developers share an update on Ethereum L1 Scaling. Base experiences a block production disruption. And SharpLink achieves a 521k ETH treasury. https://spotify.com ![](https://storage.googleapis.com/papyrus_images/7c2d33bcd7cb810d23f1abb331acb0f8.jpg) ](https://open.spotify.com/episode/4ijvhxsL37cOe7Fmv8bfNN) SEC Liquid Staking Not Securities --------------------------------- The SEC’s Division of Corporation Finance [issued](https://www.sec.gov/newsroom/speeches-statements/corpfin-certain-liquid-staking-activities-080525) a statement clarifying that liquid staking activities do not constitute securities under the Securities Act of 1933 and the Exchange Act of 1934. According to the statement, liquid staking tokens are receipts for non-security assets.Liquid staking allows users to deposit assets and receive receipt tokens representing ownership of the staked assets and their rewards. Liquid staking enables capital efficiency by allowing users to use their receipt tokens in DeFi without needing to unstake. The statement provides clarity for liquid staking protocols like Lido and Rocket Pool, as well as third-party providers like Coinbase. Ethereum L1 Scaling Update #1 ----------------------------- Ethereum core developers [shared](https://blog.ethereum.org/2025/08/05/protocol-update-001) an update on L1 scaling efforts. In July, the Ethereum mainnet block gas limit was raised to 45 million. Parithosh Jayanthi and Nethermind’s PerfNet team are leading efforts toward the medium-term target of 100 million gas per block. All major Ethereum execution clients also support Partial History Expiry, which reduces node disk usage by approximately 300–500 GB. The team is also preparing to include Block-Level Access Lists (BALs) in the upcoming Glamsterdam upgrade. BALs are designed to enable parallel transaction execution and faster block processing, which will support higher gas limits and improved sync performance.  Long-term, Ethereum aims to replace full transaction execution with real-time zkEVM proofs. A prototype zkEVM attester client is currently in development. As network demand increases, RPC node performance optimization is also a current priority. Ethereum developer Marius van der Wijden has also joined Tim Beiko and Ansgar Dietrichs to co-lead the L1 scaling track at the Ethereum Foundation, focusing on scaling Ethereum L1 safely and rapidly. Base Block Disruption Postmortem -------------------------------- Base [experienced](https://status.base.org/incidents/kdq3t8s13gfs) a temporary halt in block production for approximately 33 minutes starting at 06:07 UTC on August 5, 2025. The disruption was caused by an automatic handoff to an unhealthy sequencer within its high-availability (HA) cluster. The elected sequencer was still provisioning and unable to produce blocks. As a result, users were likely unable to execute transactions during the disruption. The Base team detected the issue within minutes, paused the HA system, and issued a fix within 33 minutes by manually transferring leadership to a healthy sequencer. SharpLink Achieves 521k ETH Treasury ------------------------------------ SharpLink Gaming [added](https://investors.sharplink.com/sharplink-increase-eth-holdings-to-521k-august-2025/) 83,561 ETH to its treasury at an average price of $3,634 per ETH, bringing its total holdings to 521,939 ETH, a 19% increase from the previous week. SharpLink Gaming is the second-largest corporate holder of ETH, trailing only BitMine Immersion Technologies. Since launching its treasury strategy on June 2, 2025, the company has earned 929 ETH in staking rewards. The company aims to double its current holdings by acquiring another half-million ETH to reach its 1 million ETH treasury goal. Other News ---------- * Geth v1.16.2 [release](https://x.com/go_ethereum/status/1952513213649829934) * EIP-4361 is now final * EF is [hiring](https://x.com/jchaskin22/status/1952782556824317964) a DeFi Specialist * ACDC #162 [agenda](https://x.com/nixorokish/status/1952837736802767222) * SΞR [surpasses](https://x.com/fabdarice/status/1952768812841091126) 3 million ETH * MetaMask [to launch](https://x.com/AggrNews/status/1952821245814182346) USD stablecoin * Verifier Alliance [8m verified contracts](https://x.com/verifalliance/status/1952730322283679911) * Succinct Prover Network [goes live](https://x.com/SuccinctFND/status/1952762681947193477) * Octra [unveils](https://x.com/octra/status/1952798859526062408) encrypted EVM * Gelato [200ms flashblocks](https://www.gelato.cloud/blog/op-stack-flashblocks-and-the-evolution-of-l2-architecture) for OP Stack * Gemini [teases](https://x.com/Gemini/status/1952731706194030691) Horizon * Slash [USD accounts](https://x.com/victorcardenas/status/1952791780119969930) on Base * Liquity [update](https://x.com/LiquityProtocol/status/1952724955436618208) August 2025 * Interface [supports](https://x.com/interfacedapp/status/1952770149838209506) Arbitrum * 3Jane [VantageScore 3.0](https://x.com/3janexyz/status/1952769677601751145) * 8.1b USDT [on Aave](https://x.com/aave/status/1952737170235556156) * * * Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed. --- *Originally published on [ETH Daily](https://ethdaily.io/755)*