US SEC meets with Kraken's parent company… Discusses regulatory clarity for staking services
Summary
- The US SEC announced that in its meeting with Kraken’s parent company, Payward, Inc., it discussed the direction of virtual asset regulation and the regulatory approach to staking services.
- Payward, Inc. reportedly submitted relevant materials to the SEC and presented both the positive impact of staking on the ecosystem and ways to ensure regulatory clarity.
- By stating that it denies the 'security nature' of certain staking activities, the SEC has raised expectations for the resolution of regulatory uncertainties surrounding staking.
The US Securities and Exchange Commission (SEC) reportedly held a meeting with Payward, Inc., the parent company of the global virtual asset (cryptocurrency) exchange Kraken, to discuss the regulatory direction of virtual assets.
According to an official memo released by the SEC on the 30th (local time), this meeting addressed key issues related to crypto asset regulation, including the tokenization of traditional assets, pathways for implementation within the US, and the structure and regulatory approach for staking-as-a-service.
Additionally, Payward, Inc. submitted relevant materials and reportedly presented its views on the positive impact of staking on the ecosystem and ways the SEC could provide regulatory clarity under existing laws.
Earlier the same day, the US SEC also issued a statement clarifying that certain staking activities do not constitute securities.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
