SEC New Guidance: Cryptocurrency Staking Does Not Need to Be Registered as Securities Transactions

According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has issued new guidance stating that "protocol staking activities" do not need to be registered as securities transactions under the Securities Act. This move by the SEC is seen as a significant advancement for the U.S. cryptocurrency industry. Alison Mangiero, head of staking policy at the Crypto Council for Innovation, remarked that this clarity is crucial. The SEC's new guidance marks a significant shift from a previous enforcement-driven approach to more reasonable regulation. Nevertheless, industry participants are still waiting for the approval of the first Ethereum (ETH) staking ETF.