SEC Commissioner Caroline Crenshaw Pushes Back On Liquid Staking

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Paul atkins

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SEC Commissioner Caroline Crenshaw sharply criticizes the Division of Corporation Finance’s liquid staking statement, calling its assumptions “unsupported” and lacking industry grounding.

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Julia Smith

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Julia Smith

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Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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August 6, 2025

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United States Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is pushing back on the Division of Corporation Finance’s recent liquid staking statement in an August 5 statement of her own.

Some Things Are Better Left Unsaid, Caroline Crenshaw Says.

According to Crenshaw’s Tuesday statement, the federal regulator slammed the division’s statement, alleging that certain liquid staking activities do not constitute securities, claiming that “some things are better left unsaid.”

“The Liquid Staking Statement stacks factual assumption on top of factual assumption on top of factual assumption, resulting in a wobbly wall of facts without an anchor in industry reality,” Crenshaw said.

“Given its unsupported factual assumptions and circumscribed legal analysis, the Liquid Staking Statement should provide little comfort...

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