The SEC said protocol staking isn’t a securities transaction, marking a key win for crypto regulation and paving the way for potential staking ETF approval.
The United States Securities and Exchange Commission’s (SEC) new guidance on cryptocurrency staking is widely seen as a major win for the crypto industry and the push toward globally consistent digital asset regulation.
In a May 29 statement, the SEC’s Division of Corporation Finance said “Protocol Staking Activities” such as crypto staked in a proof-of-stake blockchain “don’t need to register with the Commission transactions under the Securities Act.”
The agency’s new guidance marks a “major step forward” for the US cryptocurrency industry, said Alison Mangiero, head of staking policy at the Crypto Council for Innovation.
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