Summary
- US virtual asset industry groups have reportedly urged the SEC to establish clear guidelines regarding staking services.
- Allison Muehr from the Crypto Council for Innovation stated that clarifying the SEC's stance is the industry's top priority, with progress about 25% complete.
- Emphasized the need for specific guidance on staking-based services in the growing virtual asset market.
According to Cointelegraph, a cryptocurrency-focused media outlet, on the 15th (local time), major organizations in the US virtual asset industry have urged the US Securities and Exchange Commission (SEC) to establish official guidelines regarding staking services.
Allison Muehr, the head of staking policy at the Crypto Council for Innovation, stated at the Solana 'Accelerate' conference held in New York, "Clarifying the SEC's stance on staking is the industry's top priority," adding that "progress is about 25% complete so far."
She further mentioned, "Communication with the SEC over the past four months has been more active than in the past four years, yet there is still no official staking guidance."
Previously, during the Biden administration, the SEC had sanctioned virtual asset companies offering staking for unregistered securities sales.
However, since President Donald Trump's inauguration, the SEC has shown a somewhat conciliatory attitude. In April, it clarified that payment stablecoins are not securities.
Nevertheless, specific guidelines for the approval of staking-based exchange-traded fund (ETF) products or related service offerings have yet to be announced.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
