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The U.S. Securities and Exchange Commission (SEC) held a meeting with Jito Labs and Multicoin Capital to discuss the potential inclusion of staking in exchange-traded products (ETPs). This discussion was part of the SEC’s ongoing efforts to establish a clear regulatory framework for cryptocurrency investment products.
US SEC Engages Multiple Firms on Staking in ETPs
According to a memorandum released on February 14, the US SEC’s Crypto Task Force met with representatives from Jito Labs and Multicoin Capital to explore how staking could be integrated into crypto-based ETPs. The meeting, held on February 5, was attended by Jito Labs CEO Lucas Bruder and Chief Legal Officer Rebecca Rettig, as well as Multicoin Capital Managing Partner Kyle Samani and General Counsel Greg Xethalis.
The discussion focused on two key points: whether staking could be included as a feature in crypto ETPs and possible models for implementing staking within these products. The filing states that the inclusion of staking could offer benefits to investors while ensuring that issuers contribute to the security of blockchain networks.
During the meeting, the attendees presented two potential approaches for incorporating staking into ETPs. One approach involves allowing a portion of the assets in an ETP ($0.00) to be staked through service providers who operate validators, ensuring that investors can still redeem their holdings in a timely manner.
This Is A Developing News, Please Check Back For More
The post Just In: US SEC Meets Jito Labs and Multicoin Capital to Discuss Staking in ETPs appeared first on CoinGape.
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