More Crypto Clarity: US SEC Says Most Staking Activities Are Not Securities
In a significant development for the industry, the US Securities and Exchange Commission’s (SEC) Division of Corporation Finance shared its view on crypto staking after the recent call for clear guidance on the sector. The SEC branch seeks to “provide greater clarity on the application of the federal securities laws to crypto assets.” Related Reading: […]
Related News
The Securities Clarity Act deserves the crypto community's support because it's technology-agnostic, limited in scope and respects precedent.
The Thai Securities and Exchange Commission (SEC) has proposed banning businesses from engaging in crypto staking and lending activities. The regulator is seeking public comments on the proposal, noting that the purpose of this prohibition is “to provide greater protection to investors and reduce associated risks.” Thailand Seeks Public Comments on 2 Crypto Regulatory Proposals The Thai Securities and Exchange Commission (SEC) announced Thursday that it is seeking public comments on two proposals relating to the regulation of crypto assets. The comment period for both....
The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subject to immediate taxation upon generation. IRS Confirms Crypto Staking […]
The Securities and Exchange Board of India (SEBI) has issued a warning that registered investment advisers are not allowed to engage in unregistered activities. This warning includes crypto activities since crypto is currently an unregulated industry in India. SEBI Warns Registered Investment Advisers Cannot Engage in Crypto Activities Indian securities and commodity market regulator, the Securities and Exchange Board of India (SEBI), issued a notice regarding “unregulated products” Thursday. “It has come to the notice of SEBI that some registered investment advisers....
The UK seems to be green with envy of the buzz around the US’ new pro-crypto stance. Which, of course, works in the crypto industry’s favor. Previously, crypto staking activities formally qualified as collective investment schemes (CIS), which are heavily regulated. Yesterday, the UK Treasury ordered an amendment to the Financial Services and Markets Act […]