The new guidelines of the US Securities and Exchange Commission (SEC) on cryptocurrency steaks are widely known for their major victory of the cryptocurrency industry and the world’s leading digital asset regulations.
In a statement on May 29, SEC’s company’s financial department said, “There is no need to register in the committee’s transaction under the Securities Act.”
Alison Mangiero, the Staying Policy Officer of the Crypto Innovation Council, said that the new guidelines for the institution are “major progress” of the US cryptocurrency industry.
Cointelegraph said, “The SEC has now recognized what we have claimed for a long time, and Staying is not an investment contract, but a key part of the operation of Hyundai Blockchain.
“The clarity is important.”
Encryption industry watchers have long advocated clear guidelines for Staying.
In April, CCI’s Stake Alliance Project led almost 30 organizations and submitted a detailed letter to the SEC’s encryption task force to explain that it is different from the investment contract.
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Mangiero said, “SEC opened a more wise regulation.
But industry participants are still waiting for the approval of the first ether (ETH) steaking ETF. On May 21, the SEC delayed the decision of Bitwise’s applications that decided to add staying to Ether ETF with the decision of GRAYSCALE’s XRP (XRP) ETF.
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SEC guidelines are “notable shift”
The new guidelines for the SEC are the co -founder and chief operating officer of the blockchain Oracle Firm Redstone, said Marcin KazmierCzak, “a notable change in a severe approach.”
“This is a true progress towards regulatory clarity, but not revolutionary, but evolutionary,” he told Cointelewraph.
Kazmierczak added, “The Foundation is being deployed for more comprehensive encryption regulations, and by late 2025, ETF approval has become more and more plausible.”
On January 21, the establishment of the SEC’s dedicated encryption task force was another step away from the previous regime. Task Force, led by the Hester Peirce commissioner, said in a May 20 hearing that he is preparing to announce his first report on the next few months.
The new guidelines have led to many years of effort by CCI’s proof of Stake Alliance, which has been educated to policymakers about the importance of Cryptocurrency Stacking.
“We continuously insisted that protocol staking is not an investment activity,” Mangiero added that the new SEC guidelines are “meaningful progress in recognizing the difference.”
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