The Crypto Council for Innovation (CCI) stands at the helm of a growing coalition of 30 pro crypto advocacy groups. Second, they are calling on the Securities and Exchange Commission (SEC) to issue more transparent regulatory guidance about staking and staking services. This call for action comes against the backdrop of predictions of likely approval of a handful of crypto Exchange Traded Funds (ETFs) shortly.
The coalition, led by the CCI, emphasizes that the absence of clear regulations could stifle innovation within the United States. Without clear regulatory standards, the future of crypto innovation will undoubtedly jump abroad.
Bloomberg analysts Eric Balchunas and James Seyffart estimate a 75% to 90% likelihood of approval for numerous pending crypto ETFs by the close of 2025. This wave of incoming technology increases the sense of urgency for regulatory certainty.
The CCI and affiliated advocacy groups caution that the ambiguity surrounding staking regulations could put American companies and users at a distinct disadvantage. This vacuum of clarity breeds confusion and ultimately risks stifling the innovation-based digital asset market from flourishing here in the U.S.
By providing clear, principles-based guidance, the SEC would ensure that the U.S. remains competitive in the rapidly growing digital asset market. - Crypto Council for Innovation
The coalition is optimistic that the SEC can avoid this by fostering a more transparent and competitive environment for digital assets. They recognize this opportunity, too — by creating clear and robust rules. These rules would give all businesses a shared set of expectations to work within.
The potential approval of crypto ETFs and the ongoing need for regulatory clarity highlights a pivotal moment for the digital asset industry in the United States. The SEC’s response to the CCI’s request could make all the difference. It would greatly impact the future of crypto innovation and investment in the country.
