Crypto industry urges SEC to clarify staking stance
Crypto industry groups, led by the Crypto Council for Innovation, are urging the SEC to issue formal guidance on staking amid ongoing regulatory uncertainty for web3 infrastructure providers. While the SEC has recently clarified that memecoins and stablecoins are not securities, it has yet to define compliant staking frameworks or approve staking in ETFs. The industry is optimistic about upcoming staking-enabled cryptocurrency ETFs and continues productive meetings with the agency. At the same time, firms are pushing back against the IRS' classification of staking rewards as service income.