Cryptocurrency Innovation Committee CCI calls on SEC to clarify pledge rules

The Crypto Industry Alliance calls on the US SEC to provide clear principled guidance on staking activities. The Cryptocurrency Innovation Committee (CCI) has requested in an open letter that the SEC clarify that staking is not an investment activity and recommends consistency with the SEC's previous positions on mining, stablecoins, and Meme coins. The alliance is supported by companies such as Consensys, Kraken, Ava Labs, and Galaxy, emphasizing that staking is a technical mechanism used to protect blockchain networks, rather than an investment solution. During the staking process, users participate in verification transactions and protect the network by locking tokens, in order to receive rewards. The alliance urges the SEC to issue a statement clarifying that staking and related services are not within the scope of securities regulation, and to propose industry standards for staking services to ensure transparency and user control. The letter from the Crypto Innovation Committee also proposes a framework for pledge service providers, including user disclosure, transparency in reward allocation, and user control over pledged assets.