The US Securities and Exchange Commission’s (SEC) new guidance on cryptocurrency staking is widely seen as a major win for the crypto industry and the push toward globally consistent digital asset regulation.

In a May 29 statement, the SEC’s Division of Corporation Finance said “Protocol Staking Activities” such as cryptocurrencies staked in a proof-of-stake blockchain “don’t need to register with the Commission transactions under the Securities Act.”

The agency’s new guidance marks a “major step forward” for the US cryptocurrency industry, said Alison Mangiero, head of staking policy at the Crypto Council for Innovation.

“The SEC has now recognized what we’ve long argued: Staking is a core part of how modern…