The U.S. Securities and Exchange Commission (SEC) appears to be warming up to cryptocurrency staking, potentially paving the way for its inclusion in exchange-traded funds (ETFs).
According to inside information shared by Fox Business reporter Eleanor Terrett, the SEC is showing keen interest in staking mechanisms, even requesting industry memos detailing different staking models and their benefits.
“According to a source who recently spoke with the SEC, the agency is ‘very, very interested’ in staking, even asking the industry for a memo detailing the different types of staking and their benefits,” Terrett said. “The source expects to see some sort of guidance on staking from the agency in the near future, as it is something they are enthusiastically working on.”
This development follows recent interactions between the SEC’s Division of Commerce and Markets and crypto industry stakeholders, including participation in a staking webinar last week, suggesting a potential shift in the regulator’s stance on staking and its role in investment products.
In a notable move, the SEC has formally considered Cboe’s 19b-4 filing seeking approval for staking in the 21Shares Core Ethereum ETF. If approved, this would allow the ETF to generate additional returns on Ethereum (ETH) assets via staking, with the potential for those returns to be passed on to investors.
*This is not investment advice.
