Everstake defends non-custodial staking as SEC weighs industry input

The US Securities and Exchange Commission (SEC) has held discussions with Everstake, one of the largest non-custodial staking providers globally, to explore clearer regulatory definitions around staking in blockchain networks. The meeting, which also involved the SEC’s Crypto Task Force, comes at a time when over $193 billion in digital assets are staked across major proof-of-stake (PoS) networks. However, despite the massive scale of participation, staking remains in a legal gray zone in the US as regulators wrestle with its classification under existing securities law. The previous SEC administration also took enforcement actions against major players such as Kraken, Coinbase, and Consensys due to their staking services source: https://cointelegraph.com/news/everstake-defends-non-everstake-sec-non-custodial-staking-guidance-staking-as-sec-weighs-industry-input?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound