#😐 **Crypto Industry Giants Demand Clarity from SEC**
Crypto Council for Innovation (CCI), Andreessen Horowitz (a16z), Paradigm, Kraken, and others have called on the SEC to recognize staking as a technical process, not a securities transaction.
They are demanding clear and reasonable rules to avoid stifling innovation in the industry.
Meanwhile, Solana Policy Institute, Superstate Inc., and Zagreus Services LLC have proposed an initiative called Project Open to the SEC, suggesting allowing the issuance and trading of shares on public blockchains.
The proposal includes:
- An 18-month pilot period
- Tokenized form of shares
- Issuers reporting to the SEC
**Goal** - integrating the traditional market with blockchain technologies and increasing transparency through decentralized networks.
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