U.S. Senators Urge SEC to Allow Staking in Crypto ETFs
A bipartisan group of U.S. senators has urged the SEC to allow staking in cryptocurrency exchange-traded funds (ETFs). The senators, led by Cynthia Lummis, argue that this practice could benefit investors.
- Staking involves locking digital tokens to support blockchain operations for rewards.
- The SEC previously opposed staking in ETFs, citing it as an unregistered securities offering.
- Supporters claim staking is essential for the security of ecosystems like Ethereum.
- Other senators supporting the letter include Kirsten Gillibrand and Ron Wyden.