BiyaPay analyst: US SEC clarifies that three types of equity pledge activities do not constitute securities issuance, promoting compliance environment for digital assets

According to BlockBeats, on May 30th, the Corporate Finance Department of the US Securities and Exchange Commission (SEC) issued a statement on May 29th, 2025, clarifying that the three types of "equity pledge" activities in Proof of Stake (PoS) networks do not constitute securities issuance and sale within the meaning of the 1933 Securities Act and the 1934 Securities Exchange Act. The three types of pledge forms covered include node operator's own asset pledge, self custody pledge, and custody institution's representative customer pledge. This means that participants do not need to register with the SEC or apply for registration exemption clauses, greatly reducing compliance risks. The statement also specifically states that the equity pledge reward is a service return provided by the PoS network to validators according to the protocol, rather than a profit distribution from others' entrepreneurial or management efforts, further clarifying its legal and compliance nature. As a platform focused on multi asset trading and cross-border financial services, BiyaPay provides users with convenient trading channels including US stocks, Hong Kong stocks, and mainstream digital assets. Users can safely and efficiently participate in global market investments through BiyaPay, enjoy zero transaction fees and real-time exchange rates, and assist in asset diversification and global wealth management. Against the backdrop of continuous improvement in digital assets and financial regulation, BiyaPay will continue to pay attention to industry compliance dynamics and strive to create a reliable trading environment for users, helping investors seize new opportunities in global asset allocation.