You Won’t Believe How Crypto Titans Are Prodding the SEC—Scandal, Sarcasm, and Staking!

An assembly of no fewer than thirty crypto enterprises—yes, imagine that many gentlemen in one parlor—has taken it upon themselves to gently harass public institutions into bestowing upon their darling industry the kind of regulation that does not involve, heaven forbid, any actual inconvenience. 😏

Industry Leaders Petition the SEC: Will Staking Remain An Enigma?

//www.sec.gov/newsroom/speeches-statements/statement-certain-proof-work-mining-activities-032025″>statement on the equally thrilling world of mining (March, if you must know). Now, the CCI craves a similar declaration—substitute mining for staking, give the Americans something to do.😉

The letter, in a tone both exasperated and self-important, insists: “Staking is not an investment activity.” To drag the ancient securities laws, screaming and reluctant, into “covering such services,” is, in their words, “inappropriate.” Or, as any Austen heroine might put it, downright improper. 📜

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2025-05-01 00:36

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