BlockBeats News, May 27th, according to Cointelegraph, Allison Muehr, the Policy Lead for the Crypto Council for Innovation, stated that cryptocurrency industry groups are urging the U.S. Securities and Exchange Commission (SEC) to issue formal guidance on staking, as Web3 infrastructure providers continue to face ongoing regulatory uncertainty.
Speaking at the Solana Accelerate event in New York, Muehr said that clarifying the SEC's position on staking has become a top priority for the crypto industry.
"We have made about 25% progress," Muehr said, "In the past four months, the SEC has engaged with us more constructively than in the past four years, but we have yet to receive formal staking guidance."
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