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Crypto Staking Greenlit by SEC: Snorter Presale Offers 1,273% Staking APY

Crypto Staking Greenlit by SEC: Snorter Presale Offers 1,247% Staking APY

Bogdan Patru
by Bogdan Patru
3 months ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Staking has always been an essential part of crypto investments and ecosystem involvement.

And Gary Gensler (former chair of the US SEC) fought a multi-front war against staking as a service, with several lawsuits making headlines in recent years. Fortunately, Paul Atkins dismissed many of those lawsuits (like the Coinbase one) since taking on the leadership mantle.

Now, the SEC has officially stated that staking activities aren’t in violation of securities laws.

In our view, this is yet another step in the right direction from a pro-crypto SEC and United States writ large. It not only allows crypto development to thrive but also pushes investors (and institutional interest) toward digital assets.

This slow-but-steady liberation of the crypto industry will likely lead to more adoption and higher price points for blue-chip cryptos like Bitcoin and Ethereum.

But the biggest gainers, by far, will be projects that make staking a central part of their offering. Projects like Snorter Token, which provides a 1,247% staking APY.

Let’s go over what the SEC’s stance on staking is, and what this could mean for you.

Staking to Be Treated Identically to Mining

From the outset, the SEC is very clear that staking doesn’t fall under the Securities Act.

It is the Division’s view that “Protocol Staking Activities” (as defined below) in connection with Protocol Staking do not involve the offer and sale of securities […] participants in Protocol Staking Activities do not need to register with the Commission transactions under the Securities Act […]

—SEC, Statement on Certain Protocol Staking Activities

This includes staking as a service from exchanges like Kraken. So, both solo staking (through staking pools) and institutional staking (through companies) are good to go.

Interestingly enough, this bullish staking statement comes after the Crypto Council for Innovation asked the SEC to clarify its stance on staking in an open letter sent earlier this month.

The letter was backed by the likes of Galaxy, Kraken, and Consensys. And the core demand was ‘guidance for staking and staking services, similar to the SEC’s recent statement on proof-of-work mining.’

Well, it seems the SEC not only listened but provided just that.

After giving this a read, it’s pretty clear to us that the SEC will be treating staking identically to mining, in that neither implicate securities laws.

How Is Crypto Staking Looking in 2025?

As per CryptoQuant, the total value staked on Ethereum has grown by almost 5% (by 2M tokens) since May 2024.

Screenshot showing the total value staked on Ethereum.
Source: CryptoQuant

Almost 28% of $ETH’s total supply is being staked, which is an exponential increase after the Shanghai upgrade in 2023.

Over 940 staking entities use Ethereum for their activities, including exchanges, validators, and liquid staking protocols.

And with more and more crypto presales using high staking APY to attract investors, it’s clear that the concept of ‘passive income’ is becoming more appealing by the day.

Let’s take a look at one such project—Snorter Token, a coin-sniping Telegram bot with a full suite of trading features.

Snorter Token ($SNORT) – Over 1,247% Staking APY

Meet Snorter Token ($SNORT), the latest and greatest meme coin on presale that wants to bring you one step closer to Lambo status, and that’s looking to attract a bigger audience with a huge staking APY.

The project is essentially a Telegram trading bot, the Snorter Bot, with an all-in-one interface for:

  • Swaps
  • Snipes
  • Copy-trading
  • Portfolio commands
  • Rugpull & honeypot detection
  • Automatic trading based on contract address or pool ID

$SNORT promises the fastest execution and cheapest fees on Solana and a multi-chain ready platform planning to launch on Ethereum, BNB, Polygon, and Base.

With cutting edge MEV protection and automated sniping, you’re looking at the perfect trading assistant. There when you need it, still there when you don’t.

After raising over $270K in just two days since going on presale, $SNORT has reached a token price of $0.0935 – you won’t find it cheaper than it is right now.

But the best thing is the 1,247% staking APY. To put it into perspective, buying 5,347 $SNORT for $500 and staking for an average 50% APY means you’d have 8,020 tokens in a year ($750 at the current price). And that’s just for leaving your tokens sitting around.

Naturally, the token price should be much higher than $0.0935 in a year, which should increase your prospective gains down the line.

You can buy Snorter Token from the official presale page or, better yet, through Best Wallet, the only crypto wallet in the world that offers direct access to presales.

The SEC’s New Approach to Crypto Is Promising. Very Promising.

With the SEC’s 180-shift from a restrictive Gensler era to a flexible and understanding Atkins era, the tides seem to be changing in crypto’s favor.

US President Donald Trump is more involved in crypto than ever before, and we have no reason to doubt that, under his leadership, crypto (staking included) should undergo positive changes in the future.

Don’t forget to DYOR, and never invest more than you can afford to lose. The crypto industry is prone to volatility, and presales are inherently riskier.

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Bogdan Patru

Bogdan Patru

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As a crypto writer, Bogdan’s responsibilities are split between researching and writing articles and entertaining the team with his humor bordering on the politically incorrect, an aspiring Bill Burr, if you will. Thanks to his 12+ years of writing experience in just as many fields, including tech, cybersecurity, modelling, fitness, crypto, and other topics-that-shall-not-be-named, he's become a genuine asset to the team. While his position as a senior writer at PrivacyAffairs thought him valuable lessons about the power of self-management, his entire writing career was and is an exercise in self-improvement. Now, he's ready to sink his teeth into crypto and teach people how to take control of their own money on the blockchain. With fiat as an eternally devaluing currency, Bitcoin and altcoins seem like the best-fitting alternative for Bogdan. Bogdan’s biggest professional accomplishment, aside from securing a position as a main writer for Bitcoinist, was his 5-year run as a writing manager at Blackwood Productions, where he coordinated a team of four writers. During that time, he learned the value of teamwork and that of creating a working environment that breeds efficiency, positivity, and friendship.

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