Staking should be added to the menu for funds exchanged by Crypto Exchange (ETF), a bipartisan group of US senators who have argued in A letter to the Securities and Exchange Commission (Sec) on Thursday.
Crypto ETF providers originally planned to include staking features in their fund offerings, but the SEC, under its previous leadership, flexed the idea. The agency, managed by Chair Gary Gensler until President Donald Trump’s administration arrive in security.
The letter of the senators -supported by Cynthia Lummis, the Republican Chairman of a Senate subkomite dedicated to digital possessions -calling to re -consider the skill, which involves the locker of digital token to support blockchain operations in exchange for rewards. Protocol staking is key to the security of ecosystems such as Ethereum, supporters argue.
“We encourage the SEC to consider the potential benefit to investors from allowing protocol staking to some digital assets (exchange-exchanged products),” the letter to Sec Acting Chairman Mark Uyeda.
Other Republicans joined Lummis in the letter, and the same as the two Democrats did: he Common Crypto partnerKirsten Gillibrand of New York, as well as Ron Wyden of Oregon.
Read more: Staking at Ethereum ETF can be a question when, not if
