SEC no longer considers Ethereum staking services to be securities transactions

The US Securities and Exchange Commission (SEC) announced yesterday that staking protocols for networks using the Proof-of-Stake (PoS) consensus algorithm will no longer be classified as securities transactions. According to Kanalcoin experts, such changes will have a significant impact on cryptocurrency regulation. Ethereum and other similar platforms are likely to see an influx of institutional investors.

According to SEC Commissioner Caroline Crenshaw, the agency is trying to reconsider its previous approach to regulating the cryptocurrency market. Yesterday's statement was the first step toward this initiative. Before, staking services were treated like investment contracts, as Kanalcoin experts mentioned.

Ensuring transparency in regulating Ethereum and similar networks increases the economic opportunities for their users. According to Kanalcoin's forecasts, a clear understanding of the legal framework will lead to a wider range of investment products, innovative technologies, and Ethereum's active development.