- Hester Peirce signals SEC openness to staking and Ethereum-based ETPs evaluations.
- Peirce discusses SEC’s new approach to crypto regulations amidst growing industry applications.
- Franklin Templeton has recently filed for Solana ETF with staking.
SEC Commissioner Hester Peirce aka ‘Crypto Mom’ has expressed openness to proposals for staking and exchange-traded products (ETPs) related to Ether (ETH).
Commissioner Peirce, speaking during a recent interview with Yahoo Finance , acknowledged that the SEC has received a significant number of applications for ETPs and opened up about the agency’s willingness to consider them on a case-by-case basis.
SEC Discussing Staking “Internally”
Commissioner Peirce confirmed that staking, a process where crypto assets are locked up to support the network and earn rewards, is something the SEC has discussed in internal meetings. “In terms of staking, that is something that people raised with us early on after these products went through, and it’s something that I’m open to,” she said.
Staking is already common practice in other global markets, which has generated interest from U.S. crypto investors. With respect to Ethereum-based ETPs, Commissioner Peirce stated that the SEC is open to discussing options but emphasized the need for careful consideration of each proposal.
Related: Canary Capital’s HBAR ETF: Nasdaq Filing Signals Approval Push
The SEC is seeing an increasing number of applications for cryptocurrency-related products, which reflects the growing demand and innovation within the sector. However, the agency will evaluate these proposals based on their individual merits, ensuring thorough consideration of any potential risks involved.
Additionally, Commissioner Peirce touched on the broader regulatory landscape, including the new executive order that requires independent agencies like the SEC to submit major regulations for review.
Franklin Templeton’s Staking ETF Proposal
This statement comes on the heels of Franklin Templeton filing an application with the U.S. Securities and Exchange Commission (SEC) for a Solana ETF with staking capabilities. The ETF filing details how Franklin Templeton would manage staking activities, controlling the staking process and rewards.
Related: Litecoin Retail Adoption and Network Growth Surge on ETF News
According to the filing , the firm plans to use trusted staking providers, possibly including its affiliates, with the rewards earned classified as income. While several staking ETF proposals were withdrawn in 2024 due to regulatory concerns, the SEC’s new Crypto Task Force is actively trying to balance innovation with regulation in 2025.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
