The SEC announced that certain proof-of-stake staking activities do not constitute securities transactions and do not require registration under the Securities Act. This applies to self-staking and third-party services such as node operators and custodians. The decision paves the way for crypto ETFs to integrate staking, offering more regulatory clarity to the industry. However, some SEC commissioners raised concerns over potential investor risks.
Source: https://www.sec.gov/newsroom/speeches-statements/statement-certain-protocol-staking-activities-052925