Crypto Industry Seeks Clarity on Staking from SEC

The cryptocurrency industry is urging the U.S. Securities and Exchange Commission (SEC) for clearer guidance on staking mechanisms. This comes as a top priority as regulatory uncertainty hinders Web3 infrastructure providers, according to Allison Muehr, head of staking policy at Crypto Council for Innovation, a trade group. Muehr noted during the Solana Accelerate conference in New York that progress has been made in recent months, despite still lacking formal guidance on this area.