BlockBeats News, May 23rd, according to a blog post from staking service provider Figment, on May 19th, Hester Peirce, the head of the U.S. Securities and Exchange Commission (SEC)’s Crypto Working Group, stated in a speech that they "support the issuance of additional guidance to help determine what activities are not subject to securities laws, such as making it clear that direct participation in Proof of Stake (PoS) and Delegated Proof of Stake (DPoS) systems, and the technical nature of services that assist people in participating in these consensus mechanisms”.
Peirce acknowledged that the SEC's past enforcement approach has not effectively prevented fraud but has instead caused confusion for compliant operators. This statement is seen as a positive signal for U.S. institutions to participate in staking activities.
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