SEC and NYSE intensify talks on crypto oversight, focusing on ETPs, tokenized equities, and leveling the regulatory field.
Legal scholars and Placeholder propose strict definitions for staking, yield caps, and real-time disclosures to boost crypto clarity.
SEC boosts AML enforcement after EU delisting, aligning global compliance while tightening ownership and nonprofit regulations.
The U.S. Securities and Exchange Commission (SEC) and the New York Stock Exchange (NYSE) are stepping up discussions on crypto regulation. The SEC’s Crypto Task Force met with NYSE officials to tackle key issues around spot crypto ETPs, tokenized equities, and broader market standards. This meeting signals deeper institutional focus on building a balanced regulatory structure. Consequently, the agenda emphasized creating a fair competitive environment for all market participants while clarifying compliance expectations.
Besides exchange operators, academic leaders joined the conversation on June 23. Law schools from Berkeley, Georgetown, and the University of Chicago brought critical insight. Together with Placeholder, a prominent venture firm, they addressed staking regulations under the Blockchain and Law at Berkeley (BLAB) initiative. Their proposal centered on establishing a clear, technical definition of “staking” to reduce misleading marketing practices in the crypto industry.
BLAB Pushes for Clarity on Staking Rules
BLAB urged the SEC to restrict the term “staking” to services that validate transactions at the protocol level. They argued that custodial yield products misuse the label, misleading users. Hence, they proposed a rule similar to the mutual fund “80% names rule” to enforce accurate terminology.
Moreover, the team recommended limiting advertised yields to protocol base rates. They also pushed to cap intermediary fees at 5% unless providers present auditable cost data. These steps aim to curb excessive marketing and promote honest yield disclosures. Additionally, BLAB requested mandatory wallet-level data displays for gross yield, net payouts, and slashing risks.
SEC Steps Up Global Compliance Alignment
Besides staking, the SEC is ramping up its enforcement of anti-money laundering (AML) and counter-terrorism financing (CFT) rules. This comes after the European Commission removed the U.S. from its high-risk list on June 10. Previously, the Financial Action Task Force (FATF) took a similar action in February.
SEC Chair Francis Ed. Lim called this global recognition a milestone. He emphasized the regulator’s commitment to financial integrity and corporate transparency. Furthermore, Lim highlighted efforts under the Marcos administration, including stricter ownership disclosures and tighter oversight of non-profit organizations.
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