Crypto Giants Demand SEC Drop the Ambiguity—Clarity on Staking Rules Now
As the crypto industry barrels toward mainstream adoption, the SEC’s vague staking regulations are drawing fire. Major players are pushing back—hard.
Why it matters: Billions in staked assets hang in limbo while regulators drag their feet. The lack of clear rules isn’t just frustrating—it’s stifling innovation.
The subtext? Another classic case of financial watchdogs playing catch-up while the market outpaces them. Sound familiar, Wall Street?
Clarity for all
The request comes amid broader efforts by the SEC’s Crypto Task Force to bring regulatory clarity to the digital assets sector. Under the previous Chair, Gary Gensler, the agency faced criticism from what many in the crypto industry viewed as regulation by enforcement.
However, a change in leadership with the recent appointment of regulator Paul Atkins to its head and a pro-crypto government administration under Trump has led to a shift in tone. Atkins has distanced himself from the previous SEC regime, which he accused of stifling innovation.
The SEC has dropped or declined to pursue multiple high-profile cases against crypto companies and has launched a series of roundtables to collect feedback from industry stakeholders.
The Crypto Council’s letter also outlines a framework for staking service providers that includes clear user disclosures, transparency on how rewards are distributed, and assurance that users maintain control over their staked assets.
Edited by Sebastian Sinclair
