In the United States, the Securities and Exchange Commission (SEC) has been adjusting its approach to cryptocurrency staking and exchange-traded funds (ETFs), signaling a more favorable regulatory environment. This shift has significantly influenced the cryptocurrency market, particularly regarding Ethereum (ETH) and other proof-of-stake assets. The SEC's evolving stance is expected to foster innovation and attract more institutional investment.
In May 2025, the SEC clarified that "Protocol Staking Activities" do not require registration under the Securities Act. Following this, Cboe submitted amended filings in March 2025 to include staking in spot Ethereum ETFs. Grayscale Investments also proposed staking within its Ethereum Trust ETF in February 2025, with a decision expected by May 26, 2025.
Despite positive developments, the SEC raised concerns regarding crypto ETFs offering staking rewards, leading to delays. As of June 19, 2025, Ethereum (ETH) was trading at $2,511.49, and Solana (SOL) was priced at $144.84, reflecting investor optimism. Stakeholders are closely watching the SEC's decisions for future clarity.