Cryptocurrency industry groups are calling on the US Securities and Exchange Commission (SEC) to provide clear guidance on staking due to ongoing regulatory uncertainties faced by Web3 infrastructure providers. Allison Muehr, head of staking policy at the Crypto Council for Innovation, emphasized the importance of clarifying the SEC's stance on staking during Solana's Accelerate conference in New York. While there has been some progress in engaging with the SEC over the past few months, formal staking guidance is still pending. Despite previous enforcement actions against crypto firms offering staking services, the SEC has shown a more lenient approach under the current administration. However, there is still a lack of approval for staking in ETFs and clear guidelines on compliant staking services in the US. The industry remains hopeful for future approvals, including for Solana ETFs, and continues to engage with regulatory bodies like the IRS on differing interpretations of staking rewards. Read more AI-generated news on: https://app.chaingpt.org/news

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