Staking has always been a major point of contention between cryptocurrency projects and regulators. While developers believe that it is a “technological input” to provide security to the blockchain network, the U.S. Securities and Exchange Commission believes that it is a profit-making mechanism.
However, when this contentious system is integrated with ETFs, the concerns become even more heightened.
The SEC’s latest questioning comes after the application from REX Financial and Osprey Funds, which hope to introduce staking with their ETFs tracking Solana and Ethereum.
“The vehicles may not be considered even an ETF under federal securities law,” U.S. regulators say.
This is another case of technology vs. regulation that could push the conversation around the future of staking. This conversation could create more interest, making staking cryptos more valuable, which makes it crucial for investors to load up on the best crypto to buy now.
We Can Satisfy the SEC on the Investment Company Question – REX Financial
The Securities and Exchange Commission is concerned about an ETF with staking perks, which it has highlighted by saying that REX Financial’s funds’ status as investment companies might even be deceptive.
Countering the argument quickly, Greg Collett, general counsel of REX Financial, said, “We believe we can satisfy the SEC on the investment company question, and we don’t intend to launch the funds until we do that.”
This response has armed Caroline Crenshaw, the only Democrat within the SEC, who has stated that the “ETFs with staking” applications are the result of the crypto-friendly nature of the new regimen, which has made companies daring enough to not care about the key semantics when filing the application.
“How is it that these crypto assets are supposedly not securities when it comes to registration requirements, but conveniently are securities when a registrant sees an opportunity to sell a new product?” she said. “If you’re confused, join the club.”
Best Crypto to Buy Now
While the contention related to staking is nothing new, the emergence of this at a time when the growth of the crypto economy is in full swing means that the future of staking may not be the same as it is today. Therefore, those looking for the best crypto to buy now should act soon while the entire concept of staking is still hot in the market.
Snorter
While “ETFs with staking” has become the point of contention, cryptocurrency projects with an innovative approach to staking can potentially remain valuable in the long term.
One of those projects is Snorter, which is a meme coin with core utility and staking benefits.
Those who invest in Snorter during the presale are encouraged to stake their tokens in return for earning estimated rewards of over 990%.
However, the appeal of this meme coin goes beyond that, since it powers an AI-driven automated sniper on Telegram that could help investors pick the best and recently released tokens on the Solana blockchain and generate profit from their short-term pumps.
The imagery of an aardvark snorting has been likened to extracting the best investment opportunities from the market.
Other utilities that Snorter has highlighted include MEV protection, honeypot detection, and rug-pull protection. These perks strengthen the project’s use case as one that could benefit the market in the long term. And given the current market conditions, such projects could draw a large crowd.
SUBBD
While SUBBD only rewards 20% APY for staking, it could be argued that this amount is far better than the dynamic staking perks that deflate when more people arrive.
Additionally, staking isn’t the core marketing attribute of the project either; the focus is instead on SUBBD’s AI agent ecosystem designed to redefine the relationship between fans and creators.
The official website defines the project as a leading AI agent creator platform, allowing top-earning content creators to develop better content, get paid more, and leverage AI tools to create a symbiotic ecosystem with their fans.
While the platform is modeled after the likes of OnlyFans, the core appeal of this project lies in the fact that creators will get AI-driven administrative tools to focus their energy more on the act of creation, and not on managing it.
Fans, on the other hand, will get access to exclusive AI-driven content from these creators, in addition to gamified tools that could help redefine the core attributes of engagement on a spicy website.
“Prepare for big gains,” ClayBro stated while praising the platform. The prominent crypto analyst believes that when there is a bull run, utility-tokens with long-term value will be the gold investments.
Mind of Pepe
While the Mind of Pepe presale has concluded, the developers have given users one final chance to invest. And presale investors who also choose to stake their tokens will earn upwards of 200% in terms of APY.
Mind of Pepe is a unique AI agent project that made news shortly after its arrival in the last months of 2024. While the project was initially thought of as a simple presale, it did not take long for the market to put its skepticism aside when the developers started unraveling plans about the AI agent.
And on May 10th, the MINDagent finally made its debut, giving people sharp takes about the market conditions and providing precise forecasts about some of the biggest cryptocurrencies on the market.
Other facilities are also emerging from the ecosystem, and the most notable among them is the MIND Terminal. The terminal will reportedly provide users with deep market insights and the best upcoming crypto ICOs.
Such factors have helped Mind of Pepe raise upwards of $12 million already, which means it could make an explosive debut once it lands on an exchange. So, those looking for last-minute gains should take advantage of this project.
Conclusion
ETFs with staking perks were sure to draw attention, since exchange-traded funds have now been getting a lot of attention. The approval process, although it has not lost its analytical and thorough approach, may not be fully equipped to deal with funds that are coupled with staking facilities.
Therefore, such events would likely put the SEC on a fast track to solve its staking issue, making it important for those looking to get the best crypto to buy now with staking perks to pay attention to the options given in this article.
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