US blockchain firms urge SEC to clarify crypto staking rules
A coalition of US blockchain firms has urged the Securities and Exchange Commission (SEC) to provide clear regulatory guidance on crypto staking.
The coalition, led by the Crypto Council for Innovation, requested in an April 30 open letter that the agency treat staking with the same clarity it recently applied to proof-of-work mining.
Staked tokens are not a security
The Council argued that staking is a core technical process for maintaining blockchain networks, not an investment contract.
It stated:
“The benefits of staking to a PoS network and its participants are clear: base layer actors are incentivized to contribute to the security of the network, minimize the risk of manipulative activity, ensure data integrity, and bolster community…
