Cryptocurrency advocates are pressing the US Securities and Exchange Commission (SEC) to provide formal guidelines on staking, arguing that regulatory uncertainty continues to hamper Web3 infrastructure providers, as reported by Cointelegraph on Tuesday.
Allison Muehr, head of staking policy at the Crypto Council for Innovation, highlighted this issue at Solana's Accelerate conference in New York.
Under the previous administration, the SEC cracked down on crypto companies offering staking services, treating them as unregistered securities.
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However, since President Donald Trump took office, the agency has taken a more lenient approach, issuing guidelines on memecoins and stablecoins, but still retaining clear rules on staking.
Muehr said:
"We’re about 25% of the way there. The SEC has done more constructive engagement with us in the past four months than in the last four years, but we still don’t have formal staking guidance."