The US Securities and Exchange Commission (SEC) has engaged in talks with Everstake, a prominent non-custodial staking provider, to address regulatory uncertainties surrounding blockchain staking. With over $193 billion staked in PoS networks, the legal status of staking in the US remains ambiguous. Despite previous SEC actions against industry giants like Kraken and Coinbase, the agency, under a pro-crypto stance, is reevaluating its approach. Everstake argues that non-custodial staking should not be deemed a securities transaction, emphasizing user control over assets. They propose criteria exempting it from securities classification, drawing parallels to proof-of-work mining. While the SEC has not issued a definitive stance, it continues to engage with stakeholders. Industry groups are urging clear regulatory guidance on crypto staking. Everstake's dialogue with the SEC highlights the ongoing efforts to establish regulatory clarity in the evolving staking landscape. Read more AI-generated news on: https://app.chaingpt.org/news

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