Hong Kong SFC Contemplating Ether Staking as Option for Ethereum ETFs

Kraken Exchange and other platforms were compelled to halt their staking services in the United States due to the Securities and Exchange Commission’s (SEC) categorization of such services as securities last year. Nonetheless, Coinbase is taking a stand against this classification. In March 2023, they filed a “Petition for Rulemaking,” contending that core staking, which does not involve a direct monetary investment and does not meet the criteria for investments in terms of opportunity costs, should not be considered a security.