The SEC's Guide on Cryptocurrency Staking: A "Major Step Forward" for the United States
The U.S. Securities and Exchange Commission (SEC) has issued a crucial guide on cryptocurrency staking that is being welcomed as a "major step forward" for the digital assets industry, according to the Crypto Council. This new guideline indicates that "protocol-level staking activities" do not require registration with the Commission under the Securities Act, marking a significant victory for cryptocurrency regulation.
According to Alison Mangiero, this stance of the SEC represents a considerable advancement for the cryptocurrency industry in the United States, especially in a context where industry observers have long demanded clearer guidelines regarding staking. The guide is seen as a "notable change" from the SEC's previous approach, which focused more on law enforcement.
This development not only paves the way for more consistent regulation of digital assets globally but also facilitates the potential approval of exchange-traded funds (ETFs) with exposure to staking, which could attract a greater number of institutional investors to the cryptocurrency space.
