The Cryptocurrency Innovation Committee (CCI) calls on the SEC to clarify staking rules

ChainCatcher news, the crypto industry alliance calls on the U.S. SEC to provide clear principled guidance on staking activities. The Crypto Innovation Committee (CCI) has requested in an open letter that the SEC clarify that staking is not an investment activity and suggested maintaining consistency with the SEC's previous positions on mining, stablecoins, and meme coins. The alliance, supported by companies such as Consensys, Kraken, Ava Labs, and Galaxy, emphasizes that staking is a technical mechanism used to secure blockchain networks rather than an investment scheme.

During the staking process, users lock up tokens to participate in transaction validation and network protection, thereby earning rewards. The alliance urges the SEC to issue a statement clarifying that staking and related services do not fall under the scope of securities regulation and proposes industry standards for staking services to ensure transparency and user control.

The letter from the Crypto Innovation Committee also outlines a framework for staking service providers, including user disclosures, reward distribution transparency, and user control over staked assets.