On April 30, 2025, The Crypto Council for Innovation (CCI)’s Proof of Stake Alliance (POSA), joined by 30 other prominent cryptocurrency exchanges, sent a letter to SEC Commissioner Hester Peirce, urging for more defined and favorable regulatory guidelines for cryptocurrencies. addressed the SEC’s recent call for public input on whether staking and liquid staking should fall under federal securities regulations. The group argues that, just like proof of work mining, staking shouldn’t be classified as an investment activity. Instead, they contend that it is a technical process integral to blockchain security. Participants validate transactions, securing the network in exchange for rewards based on the amount of cryptocurrency they stake.