PANews reported on May 1 that the Crypto Industry Alliance called on the US SEC to provide clear and principled guidance on staking activities. In an open letter, the Cryptocurrency Innovation Council (CCI) asked the SEC to clarify that staking is not an investment activity and suggested that it be consistent with the SEC's previous position on mining, stablecoins and Meme coins. The alliance, which is supported by companies such as Consensys, Kraken, Ava Labs and Galaxy, emphasizes that staking is a technical mechanism for protecting blockchain networks, not an investment solution.

During the staking process, users lock up tokens to participate in validating transactions and protecting the network, thereby earning rewards. The alliance urged the SEC to issue a statement clarifying that staking and related services are not subject to securities regulation, and to propose industry standards for staking services to ensure transparency and user control.

The Crypto Innovation Council’s letter also proposes a framework for staking service providers, including user disclosure, transparency in reward distribution, and user control over staked assets.