Best Crypto to Buy Now as ETFs with Staking Draw Regulatory Heat
Staking has always been a major point of contention between cryptocurrency projects and regulators. While developers believe that it is a “technological input” to provide security to the blockchain network, the U.S. Securities and Exchange Commission believes that it is a profit-making mechanism.
However, when this contentious system is integrated with ETFs, the concerns become even more heightened.
The SEC’s latest questioning comes after the application from REX Financial and Osprey Funds, which hope to introduce staking with their ETFs tracking Solana and Ethereum.
“The vehicles may not be considered even an ETF under federal securities law,” U.S. regulators say.
This is another case of technology vs….
