KRS 292.340: Registration of securities.

(1) It is unlawful for any person to offer or sell any security in this state, unless the

security is registered under this chapter, or the security or transaction is exempt

under this chapter, or the security is a covered security.

(2) (a) A business that off ers to provide staking as a service to any person shall not

be deemed to be offering or selling a security under this chapter.

(b) As used in this subsection, "staking as a service" has the same meaning as in

KRS 369.130.