A coalition of over 30 crypto lobbying groups, spearheaded by the Crypto Council for Innovation (CCI), has formally appealed to the Securities and Exchange Commission (SEC) to provide clear regulatory guidelines for cryptocurrency staking. In a letter addressed to Hester Peirce, a leading voice within the SEC on crypto matters, the groups argue that staking is fundamentally a technical process, distinct from traditional investment activities. They further contend that staking mechanisms don't align with the criteria established by the Howey Test, which determines whether an asset qualifies as a security. The core of their argument lies in the request for the SEC to offer definitive regulatory interpretations for Proof-of-Stake (PoS) systems. They advocate for a "principles-based" approach, mirroring the existing guidelines already in place for Proof-of-Work (PoW) mining operations. Clear rules will encourage innovation and protect consumers within the rapidly evolving digital asset space. ```
