SEC crypto staking guidance win for industry regulations, staked ETH ETF approval
The SEC's new guidance on cryptocurrency staking indicates that "Protocol Staking Activities" in proof-of-stake blockchains do not require registration under the Securities Act. This is viewed as a significant advancement for the U.S. crypto industry and aligns with calls for clearer regulations. The Crypto Council for Innovation emphasizes that staking is essential to blockchain operations, not an investment contract. Industry advocates have pushed for this clarity, with nearly 30 organizations previously submitting a letter to the SEC. The guidance represents a shift from previous enforcement-heavy approaches, suggesting a move towards more sensible regulation. However, approval for Ether staking ETFs remains pending, with decisions on applications delayed. The SEC's Crypto Task Force is expected to release a report on regulations soon, marking further progress in regulatory clarity.
