SEC Engages with Industry Leaders to Assess Staking Practices in Crypto Investments – BitRss

The U.S. Securities and Exchange Commission (SEC) held a meeting with Jito Labs and Multicoin Capital to evaluate the feasibility of staking practices in crypto-based investment products. This meeting is part of ongoing efforts to establish a regulatory framework for the sector. It provided an opportunity to assess significant developments regarding investor security and blockchain networks.

Purpose of the Meeting and Participants

The meeting took place on February 5, featuring Lucas Bruder, CEO of Jito Labs, and Rebecca Rettig, Legal Officer, alongside Kyle Samani, Managing Partner at Multicoin Capital, and Greg Xethalis, Legal Advisor. A memorandum released by the SEC on February 14 outlined the details of this session focused on evaluating staking practices under the crypto umbrella.

Models of Staking Applications

During the discussion, potential models for integrating staking practices into crypto-based Exchange-Traded Products (ETPs) were presented. One proposed model involved subjecting a portion of the assets within the ETPs to staking through providers offering verification services. This approach aims to ensure that investors can retrieve their assets tim…