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US Blockchain Firms Push SEC for Clear Crypto Staking Rules
US Blockchain Firms Push SEC for Clear Crypto Staking Rules
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A coalition of U.S. blockchain companies, spearheaded by the Crypto Council for Innovation, has formally requested the Securities and Exchange Commission to establish transparent regulations for crypto staking. The April 30 open letter draws parallels to the agency’s recent clarity on proof-of-work mining, advocating for similar treatment.
The Council emphasized staking’s fundamental role in maintaining blockchain networks, arguing it should not be classified as a security. "Staking incentivizes network security, mitigates manipulation risks, ensures data integrity, and strengthens community trust," the letter stated. The group contends that staking rewards are a technical byproduct of protocol participation—not an investment contract.
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