Leading crypto firms are urging the Securities and Exchange Commission (SEC) to provide clear guidance on staking regulations. The Proof of Stake Alliance (POSA), a coalition comprised of 30 prominent crypto organizations, has sent a letter to the SEC expressing concerns over the lack of clarity on whether staking services constitute securities offerings. This initiative comes as Kraken had to halt its US staking operations in early 2023 due to an enforcement action by the SEC. The industry hopes for more defined guidelines that foster innovation while protecting users. POSA advocates for tailored regulations recognizing different staking models’ technical distinctions, arguing that staking should not automatically fall under securities law.