The U.S. Securities and Exchange Commission (SEC) has made a strong move by blocking the ETH and SOL staking ETF proposed by REX Financial. The reason given is that the staking model in this ETF is considered a form of unregistered securities trading. This is a direct blow to innovative financial products, showing that the SEC continues to maintain a tough stance on staking activities – especially when they are 'packaged' into traditional instruments like ETFs. This could create short-term negative sentiment on the prices of ETH, SOL, and other altcoins related to staking. However, in the long term, the community still hopes for greater legal clarity for staking to be accepted as a legitimate part of the new finance.
$XRP
