@TeamPOSA
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Today we @crypto_council @TeamPOSA — with 30+ leading orgs — submitted a letter urging the SEC to clarify that staking is a technical process, not a securities activity.View quoted post on X
We are aligned across the industry. The time for clarity is now.
www.proofofstakealliance.org Policy and Legal Implications of Inclusion Lists — Proof of Stake Alliance The staking market has surged to nearly $600b, so you’d want policymakers to know what they’re dealing with - right?View quoted post on X
That’s why we’ve brought in @TeamPOSA as a CCI project.
And with these brains in the room, we’re confident of smashing the job:
@Figment_io
@polychain
@a16zcrypto
@AvaLabs (@leelaughs5x @OwlExplains)
@blockdaemonHQ
@eigenlabs
@ElectricCapital
@LidoFinance
@Kiln_finance
@paradigm
Our two white papers published today provide legal research & analysis of liquid staking tokens.View quoted post on X
They reason that LSTs for digital commodities should not be treated as securities, swaps, or taxable events, & define industry principles for responsible growth.
🧵Here’s a summary
Proud to introduce the bipartisan Providing Tax Clarity for Digital Assets Act with @RepWileyNickel to clarify within the tax code that digital asset rewards are to be collected at the point of sale, while codifying staking rewards as “created property.”View quoted post on X
ferguson.house.gov/news/documents…
