The SEC's new guidance on cryptocurrency staking is a significant victory for the crypto industry. On May 29, the SEC stated that cryptocurrencies staked in proof-of-stake blockchains don't need to register transactions under the Securities Act.

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Alison Mangiero from the Crypto Council for Innovation calls this a "major step forward." The SEC now recognizes that staking is a core part of modern blockchain operations, not an investment contract.

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The crypto community has long advocated for clearer staking guidelines. In April, almost 30 organizations submitted a letter to the SEC's Crypto Task Force, arguing that staking service providers are distinct from investment contracts.

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While this is progress, the industry still awaits approval of the first Ether staking ETFs. The SEC delayed decisions on Bitwise's and Grayscale's applications.

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The SEC's dedicated Crypto Task Force, established in January, is preparing to release its first report on regulations in the coming months. The new guidance comes after years of efforts by CCI's Proof of Stake Alliance to educate policymakers about the importance of crypto staking.

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