Several US blockchain firms have collectively appealed to the SEC for clearer guidelines regarding crypto staking regulations. On April 30, 2025, the Crypto Council for Innovation, representing nearly 30 industry groups, sent a letter outlining their concerns. The coalition argues that crypto staking, a technical process rather than an investment activity, should not be regulated as a security. They emphasized this point in response to Hester Peirce, head of the SEC’s Crypto Task Force. This stance may significantly impact both the regulation of staking services and the future of cryptocurrency exchange-traded funds (ETFs) in the US. The letter highlights the argument that traditional securities regulations do not fully address staking’s technical nature. It has sparked a debate on how to balance regulatory oversight with fostering innovation, particularly for companies seeking to reintroduce staking services in compliance with new SEC leadership.