Proof of Stake Alliance publishes white papers on legal aspects of liquidity staking

The POSA takes the lead in sorting out a current legal thorn patch.

The Proof of Stake Alliance , a nonprofit industry alliance, has published two white papers examining on the status of deposit tokens in United States securities and tax law on Feb. 21. The papers were authored by representatives of over 10 industry groups.

“Receipt Tokens evidence ownership of intangible commodities in the digital world in a substantially identical manner that warehouse receipts, bills of lading, dock warrants and other documents of title evidence title to tangible commodities in the physical world.”

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