SEC, Jito & Multicoin Discuss Crypto ETP Staking
The post SEC, Jito & Multicoin Discuss Crypto ETP Staking appeared on BitcoinEthereumNews.com.
SEC evaluates staking in ETPs to enhance investor returns and blockchain security. Potential staking models aim to balance liquidity, rewards, and regulatory compliance. Regulatory concerns persist as staking introduces active participation in blockchain networks. The U.S. Securities and Exchange Commission (SEC) is digging deeper into the idea of staking within exchange-traded products (ETPs) for cryptocurrencies. In a notable step, the SEC met with the Jito Labs and Multicoin Capital team to explore how staking could fit into these investment options. The main goals of these discussions were to ensure investor protection and strengthen blockchain network security, while investigating this potential financial innovation. A Look Inside the SEC’s Crypto ETP Staking Discussions The SEC’s official record from February 14 shows that the Crypto Task Force had held talks with top executives from Jito Labs and Multicoin Capital on February 5. The key topic of the meeting was assessing if staking could effectively work within crypto ETPs. They also discussed how to structure it to balance what’s good for investors while following regulatory rules. Jito Labs & Multicoin Capital: Key Voices in the Conversation Jito Labs CEO Lucas Bruder and Chief Legal Officer Rebecca Rettig participated in the meeting, alongside Multicoin Capital Managing Partner Kyle Samani and General Counsel Greg Xethalis. The conversations focused on how adding staking to ETPs could not only boost blockchain security but also offer more rewards for investors. Related: Jito Labs Hits $500M in Annual MEV Revenue Amid JTO’s 7-Day 11% Dip Potential Staking Models for ETPs During the meeting, those involved shared two possible models for integrating staking into ETPs. One idea is to stake a portion of an ETP’s assets through service providers that specialize in validator operations. This approach is designed to make sure investors keep getting staking rewards and don’t face issues selling…
Filed under: News - @ February 15, 2025 4:22 am