SEC Considers Staking in Crypto ETPs Amid Pro-Crypto Leadership
- The SEC’s Crypto Task Force met on Feb. 5 to discuss staking in crypto ETPs.
- Key attendees included Jito Labs’ Lucas Bruder and Rebecca Rettig, and Multicoin Capital’s Kyle Samani and Greg Xethalis.
- Staking is crucial for PoS blockchains like Ethereum (ETH) and Solana (SOL).
- The SEC has concerns about redemption timelines, tax treatment, and securities classification.
- Proposals include the “Services Model” and “Liquid Staking Token Model” to address these issues.
The meeting on Feb. 5 involved industry leaders discussing models to integrate staking into crypto ETPs while addressing the SEC’s concerns about redemption timelines and regulatory classifications.
Source (2.6.1)https://cryptoslate.com/sec-explores-new-models-for-crypto-staking-in-etps-under-pro-crypto-leadership/?rand=24433
