SEC Crypto Task Force Talks Integrating Staking into ETPs
The year so far has seen the United States completely overhaul its cryptocurrency policy. That has taken another step Friday, with one government agency seeking to implement another groundbreaking change. Indeed, in a recent filing, the US Securities and Exchange Commission (SEC) Crypto Task Force discussed the inclusion of crypto staking in exchange-traded products (ETPs).
The Crypto Task Force was first announced by the SEC in late January by acting chair Mark Uyeda. Indeed, its presence was to facilitate the creation of a clear regulatory framework for the asset class to encourage innovation in the US. Those efforts continued with the agency discussing the presence of staking in crypto-based investment products.
JUST IN:
— Watcher.Guru (@WatcherGuru) February 14, 2025SEC's crypto task force discusses integrating staking into ETPs with multiple firms.
Also Read: SEC Rule Change Makes Cryptocurrency Offers Easier For Banks
SEC Crypto Task Force Filing Shows Staking in ETPs May Be on The Way
Since US President Donald Trump was inaugurated for his second non-consecutive term in the Oval Office, the cryptocurrency sector has been a focal point. The creation of a crypto stockpile as well as a refocused SEC has defined its greatest changes. Moreover, it is a far cry from the agency that adopted a regulation-by-enforcement approach under the previous chairman, Gary Gensler.
Those efforts continue today as the agency looks to institute a highly anticipated shift to crypto-based investment products. Specifically, the SEC’s Crypto Task Force is set to discuss the inclusion of crypto staking in ETPs. The issue was raised in a filing that was released Friday.
Also Read: SEC Transfers Top Crypto Litigator to IT Department?
Just a day earlier, the Cboe BZX exchange had filed for a similar consideration. Specifically, they sought approval to allow the 21Shares Core Ethereum exchange-traded fund (ETF) to include staking. Moreover, Bloomberg ETF analyst James Seyffart noted his belief that the filing would soon be “acknowledged by the SEC.”
In the filing, they recognize the agency had previously “requested that issuers remove the staking feature” from respective applications. “We understand the Staff may now be amenable to revision staking in ETH and other cryptoasset ETPs, including in connection with new applications filed for a SOL ETP,” they added.
Read More
SEC Crypto Task Force Talks Integrating Staking into ETPs
The year so far has seen the United States completely overhaul its cryptocurrency policy. That has taken another step Friday, with one government agency seeking to implement another groundbreaking change. Indeed, in a recent filing, the US Securities and Exchange Commission (SEC) Crypto Task Force discussed the inclusion of crypto staking in exchange-traded products (ETPs).
The Crypto Task Force was first announced by the SEC in late January by acting chair Mark Uyeda. Indeed, its presence was to facilitate the creation of a clear regulatory framework for the asset class to encourage innovation in the US. Those efforts continued with the agency discussing the presence of staking in crypto-based investment products.
JUST IN:
— Watcher.Guru (@WatcherGuru) February 14, 2025
Also Read: SEC Rule Change Makes Cryptocurrency Offers Easier For Banks
SEC Crypto Task Force Filing Shows Staking in ETPs May Be on The Way
Since US President Donald Trump was inaugurated for his second non-consecutive term in the Oval Office, the cryptocurrency sector has been a focal point. The creation of a crypto stockpile as well as a refocused SEC has defined its greatest changes. Moreover, it is a far cry from the agency that adopted a regulation-by-enforcement approach under the previous chairman, Gary Gensler.
Those efforts continue today as the agency looks to institute a highly anticipated shift to crypto-based investment products. Specifically, the SEC’s Crypto Task Force is set to discuss the inclusion of crypto staking in ETPs. The issue was raised in a filing that was released Friday.
Also Read: SEC Transfers Top Crypto Litigator to IT Department?
Just a day earlier, the Cboe BZX exchange had filed for a similar consideration. Specifically, they sought approval to allow the 21Shares Core Ethereum exchange-traded fund (ETF) to include staking. Moreover, Bloomberg ETF analyst James Seyffart noted his belief that the filing would soon be “acknowledged by the SEC.”
In the filing, they recognize the agency had previously “requested that issuers remove the staking feature” from respective applications. “We understand the Staff may now be amenable to revision staking in ETH and other cryptoasset ETPs, including in connection with new applications filed for a SOL ETP,” they added.
Read More