SEC is ‘Very Interested’ in Crypto Staking, Requests Industry Insights Ahead of New Guidelines
The Donald Trump election has increased expectations for major policy changes in the U.S. digital asset sector. recent tweet It shows that the SEC has developed significant interest in cryptocurrency points and may be released soon. However, the SEC is currently seeking feedback from the industry before any storage policies are enacted.
SEC is “very, very interested” in Stick
According to FOX business journalist Eleanor Terrett, the U.S. SEC is increasingly focusing on cryptocurrencies and may soon release new guidelines on the practice based on sources that have recently spoken with securities regulators.
Interestingly, the SEC has asked the industry to submit detailed memorandums on various equity and their advantages. Sources expect the SEC will soon provide some form of guidance on cryptocurrencies.
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Previously, the SEC endorsed CBOE Exchange’s 19b-4 application, which sought approval for the inclusion of pile functionality in the 21shares Core Ethereum ETF (CETH). This may be considered a positive change, as crypto ETFs were previously prohibited from engaging in co-op activities during the tenure of SEC Chairman Gary Gensler on the grounds of a violation of the Securities Act.
Last week, the SEC’s crypto task force discussed adding staking in crypto exchange-traded products (ETPs) using Jito Labs and Multicoin Capital Management. They reviewed two stacking models of ETP: the Service Model, which uses a validator service to allow timely redemption of assets to be stored, while the LST model uses Liquid Straging tokens to represent fixed assets.
The meeting also revisited previous issues accumulated in the ETP, such as redemption delays, tax consequences and legal status in developing services. The company notes that Staging excludes, which can reduce potential returns for investors and overall security of the network by limiting asset storage.
