Summary
- US senators urged the SEC to add staking functionality to cryptocurrency ETFs.
- Senator Cynthia Lummis led the letter writing along with two other senators.
- This movement appears to be an attempt to increase diversification and stability of cryptocurrency investments.
According to cryptocurrency media CoinDesk on the 21st (local time), US senators sent a letter to the Securities and Exchange Commission (SEC) urging them to reconsider adding staking functionality to cryptocurrency Exchange-Traded Funds (ETFs).
The letter was led by Senator Cynthia Lummis, with two other senators participating in the initiative.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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