From Cointelegraph

June 2, 2025 2:42:00 PM:

The US SEC faces criticism over its stance on crypto staking services. The Division of Corporation Finance issued new guidance exempting proof-of-stake blockchains from registration requirements. Former SEC official John Reed Stark argues this contradicts court rulings on Binance and Coinbase. Commissioner Caroline Crenshaw warns of discrepancies with established law.

The SEC dismissed a lawsuit against Binance’s staking services, preventing similar claims. A case against Coinbase proceeded, indicating unregistered securities offerings. Crenshaw questions the SEC’s approach to digital assets, highlighting inconsistencies in treating assets like Ether and Solana as securities. Commissioner Hester Peirce defends the SEC’s new stance at the Bitcoin 2025 conference.

The SEC’s recent actions aim to provide regulatory clarity but have led to further confusion. Critics question the commission’s inconsistency in treating digital assets as securities. Peirce emphasizes that the classification of a securities transaction depends on the nature of the deal. Stark criticizes the SEC’s deregulatory steps, calling it a blow to their legacy.

Read more at Cointelegraph: SEC faces criticism on crypto staking guidance