加密质押监管：30个团体呼吁SEC提供明确指导

近30个由加密创新理事会（CCI）领导的加密倡导团体已向美国证券交易委员会（SEC）请求就加密质押及质押服务提供明确的监管指导。这一行动反映了行业对于当前监管不确定性的关注，以及对未来发展的期待。

CCI的权益证明联盟（POSA）的观点

CCI的权益证明联盟（POSA）在4月30日致该机构加密工作组负责人、SEC委员Hester Peirce的信中辩称，质押本质上是一个技术过程，而非投资活动。“质押并非小众——它是去中心化互联网的支柱，”信中说道。

SEC的公众意见征求与行业回应

此信是对SEC就质押及流动性质押（加密用户锁定其代币以赚取更多）是否应受联邦证券法规监管征求公众意见的回应。联盟呼吁SEC支持在交易所交易产品（ETPs）中负责任地纳入质押功能，并“避免过于规定的规则可能冻结市场结构并抑制质押领域的创新。”

为何现有证券披露制度不适合质押服务？

The group argues that staking does not meet the definition of an ‘investment contract’ under the Howey test, which defines securities, because stakers retain ownership of their assets. They add that blockchain protocols, not staking providers, determine rewards, and providers do not deliver profits through management decisions like companies do.

The letter requests the SEC to issue principle-based guidance similar to recent SEC staff statements on proof-of-work mining. “The past four months have seen more interaction and constructive dialogue with the SEC than in the past four years,” the group said. “Now, the industry is proposing specific principles for inclusion in guidance—reflecting this new collaborative approach.”

Who Supports Clear Staking Regulations?

The Proof of Stake Alliance includes several high-profile crypto organizations and companies, including venture capital firm Andreessen Horowitz (a16z), blockchain software company Consensys, and crypto exchange Kraken, which resumed staking services in the U.S. earlier this year.

The SEC has yet to approve any crypto staking exchange-traded funds (ETFs) and on April 14 delayed a decision on allowing Grayscale’s spot Ether ETF to stake. In April, Bloomberg ETF analyst James Seyffart predicted that Ether ETFs including staking could launch as soon as May.

阅读原文

Cointelegraph: US crypto groups urge SEC for clarity on staking

A group of nearly 30 crypto advocate groups has asked the SEC to provide legal clarity on crypto staking, arguing that it’s not an investment activity.