BREAKING: 🇺🇸SEC rules certain staking activities on public, permissionless proof-of-stake (PoS) networks, like Ethereum, are not securities transactions: Protocol Staking: • Self (solo) staking by node operators. • Self-custodial staking via third parties. • Custodial staking (custodian acts as an agent). Ancillary Services: • Slashing protection. • Early unstaking. • Reward distribution schedules. • Asset aggregation. These are seen as administrative, not entrepreneurial, under the Howey Test.