SEC’s New Crypto Staking Guidance Sparks Debate

The U.S. Securities and Exchange Commission (SEC) is facing criticism for its recently updated policy on cryptocurrency staking services. On May 29, 2025, the SEC’s Division of Corporation Finance issued new guidance stating certain proof-of-stake blockchain activities may not be considered securities, exempting them from registration requirements under the Securities Act. This departure from previous regulatory approaches has ignited debate among industry experts and regulators alike.