Hester Peirce said regulatory pressure from the SEC has led Ether ETF issuers, including ARK21 Shares and Fidelity, to remove staking from their offerings in order to comply with the SEC’s strict requirements.
Let us recall that the regulator regards crypto staking as an investment contract, within which investors invest their assets, expecting to receive a profit as a result of the efforts of network validators.
Pierce noted that banning staking in the wake of the Ethereum ETF launch could result in a significant portion of the ETH supply being removed from the Ethereum staking pool, which could negatively impact the stability and security of the network.
The “Cryptomama” added that if there are objective prerequisites, the regulator may return to discussing the concept of staking, which ETF issuers were forced to exclude from their applications.
Esther Peirce previously proposed that the Bank of England and the UK Financial Conduct Authority create a “joint cross-border sandbox” to regulate innovation in digital assets.
Source: Bits
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