The United States Stock Exchange and Securities Commission (SEC) laid a precedent last week that could impact the global cryptocurrency market, even in Latin American countries such as Argentina.
The agency determined that Liquid Staking Tokens (LST) that fulfill administrative functions and transfer direct rewards are not considered values.
Through the liquid staking, users can delegate their cryptocurrencies to a protocol or supplier And, in return, they receive a token that reflects both the property of the blocked funds and the rewards obtained. These tokens are freely interchangeable, which allows liquidity to be maintained while benefits continue to participate in the network.
As Cryptonotics reported, the SEC established that the tasks of these suppliers, such as asset custody, tokens issuance and distribution of rewards, are of a technical or administrative nature, so they do not imply business efforts that can be framed in an investment contract.
In countries like Argentina, where the individual adoption of cryptocurrencies is high and corporate interest continues to increase, This type of international definitions can serve as a reference to boost the development of the sector.
In fact, for Matías Alberti, Country Manager of Coinbase in Argentina, the announcement of the SEC “gave a new impulse to the legitimation of the crypto ecosystem for institutional investors.”
As noted, “that decision opens the door to an adoption of corporate staking and specialized products” in the country. This was specified in a report sent to cryptootics.
«In Argentina, this global scenario confirms two things: first, that institutional mining and liquid staking are ceasing to be mere speech to become real infrastructure with scale potential. And second, that regulatory irruption, such as the recent endorsement to include crypto in retirement plans, drives sustainable adoption. In Coinbase we are committed so that the ecosystem grows here safely, transparently and with normative support ».
Matías Alberti, Country Manager of Coinbase in Argentina.
From Coinbase they argue that aligning with international regulatory trends not only decreases legal uncertainty, but also places Argentina – one of the most relevant markets in Latin America for the cryptocurrency ecosystem – in a favorable position to capture investments that seek environments with clear and potential expansion rules.
According to the signature based in San Francisco, the combination of technological innovation, corporate adoption and regulatory advances could open a new stage for the local ecosystema “where the staffing and other network participation mechanisms are consolidated as legitimate and safe alternatives for different types of investors.”
It should be noted that, in recent months, Argentina has advanced concretely in the regulation of digital assets.
In the recent Blockchain Rio 2025 event, the president of the National High Surveying Commission (CNV), Roberto E. Silva, explained that the entity adopted a gradual approach to regulate the suppliers of virtual asset services (PSAV): first, through an initial record that allowed to identify and order the market actors, and then through a formal regulations on a public consultation after a public consultation.
Although legislative control is limited because the current Argentine government does not have a majority in Congress, Silva stressed that they chose to advance with a two -stage plan, which, which Wait is completed at the end of 2025.
