You Won't Believe What the SEC's Crypto Task Force Did with Industry Leaders!

The SEC’s Crypto Task Force pulled up their socks and had a chit-chat with Jito Labs and Multicoin Capital about the wild west of ETP (Exchange-Traded Products) staking. Trying to be the new cool kid in town, the Commission decided to go with a “tripartisan” approach! Sounds fancy, huh? Basically, they’ll now play nice with industry peeps to cook up some new policies. 🍲

So, nothing’s set in stone, folks. But rumors are flying faster than a caffeinated squirrel that the Task Force snuck in another webinar about this earlier this week. 📅 And get this – right after today’s gabfest, the NYSE made a move to allow staking on Grayscale’s Ethereum ETF! Talk about fast and furious. 🏎️💨

The SEC Dives into Staking – Hold Your Hats!

The SEC’s been doing some serious spring cleaning since Gary Gensler took a hike. They’re moving ETF applications up the ladder, playing nice with the CFTC (Cooperation Fun Time Club?), and sounding less like the crypto party poopers they once were. 🤹‍♂️

Today, the SEC’s shiny new Crypto Task Force put on their thinking caps and met with Jito Labs and MultiCoin Capital, diving into all things ETP staking. 🏊‍♂️

“Look, the SEC’s diving into staking like a kid in a candy store asking all sorts of questions. Should’ve done this ages ago, but hey, better late than never!” quipped James Seyffart, ETF extraordinaire. 🎤

Regulating like it’s hot, the SEC echoed David Sacks’ groundbreaking thought – a “tripartisan” outlook. Translation: let’s make the politicians – all three sides – work with industry gurus to figure stuff out. Simple, right? 🧠

So, they grilled Jito Labs, a big fish in the staking pond, and Solana’s BFF. Totally makes sense. Two main topics hit the spotlight: fitting staking into ETPs and making it actually work, sorta like fitting a square peg in a round hole. 🙃

The SEC’s big revelation? A thrilling five-page doc about the meeting – spoiler alert: it ain’t much. Industry spies, however, hinted at major curiosity buzzing around. 🔍

Turns out, the SEC’s been chatting behind the scenes. Another webinar happened this week, priorities listed like a casual grocery run. 🛒

Regardless of the who’s who, these meetings made waves. Right after the SEC’s announcement, NYSE tossed in a proposal allowing staking in Grayscale’s Ethereum ETF. It’s all happening faster than you can say “crypto boom.” 🚀

2025-02-15 02:55

You Won’t Believe What the SEC’s Crypto Task Force Did with Industry Leaders!

The SEC Dives into Staking – Hold Your Hats!

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