U.S. Senators Urge SEC to Reconsider Crypto Staking in ETFs
- A bipartisan group of U.S. senators is advocating for the inclusion of staking in crypto exchange-traded funds (ETFs).
- The Securities and Exchange Commission (SEC) had previously opposed staking features under Chair Gary Gensler.
- Staking involves locking digital tokens to support blockchain operations, providing rewards.
- Cynthia Lummis, chair of a Senate subcommittee on digital assets, spearheaded the letter to the SEC.
- Democrats Kirsten Gillibrand and Ron Wyden joined Republicans in supporting the initiative.
The bipartisan letter to the SEC highlights potential investor benefits from allowing protocol staking in digital asset ETFs, with notable support from senators including Cynthia Lummis and Kirsten Gillibrand.
Source (2.6)https://www.coindesk.com/policy/2025/02/20/u-s-senators-push-for-sec-to-ok-crypto-staking-in-exchange-funds?rand=52298
