Hold onto your digital wallets, folks! One of our favorite financial buzzwords, “regulation,” just got a glow-up. The US is basically giving crypto ETFs a shiny new permission slip to stake. Yep, staking! Like a kid allowed to stay up past bedtime, but in this case, it’s your crypto making money while you binge Netflix.
In a move so groundbreaking it might even distract you from your daily coffee, Treasury Secretary Scott Bessent tweeted that the feds are laying down new rules for crypto exchange-traded products (ETPs).
“Today, the US Treasury and IRS basically said, ‘You can stake your digital assets and share the fun with your retail peeps.’ It’s like the IRS just gave everyone a high-five, but with blockchain,”
because apparently, this boosts innovation, investor benefits, and keeps America looking like the cool kid in the digital playground,” they added. Sounds like a win, right? Or at least a reason to update your crypto portfolio.
Enter Consensys lawyer Bill Hughes, who’s probably been waiting his whole career for this moment, explaining the dos and don’ts of staking like he’s giving life advice at a party.
“1) Hold only one digital asset type and cash (because errors are so 2020).
2) Use a qualified custodian to manage keys (because you’re not trusted to hold your own snacks, much less your cryptos).
3) Maintain SEC-approved liquidity policies (so you won’t have your assets vanish into thin air).
4) Keep arms-length arrangements with staking providers (no, you can’t be BFFs with everyone).
5) Focus just on holding, staking, and redemption-no tricky trading games, please.”
Hughes also dropped some wisdom about why all this matters-basically, it’s like giving everyone a permission slip to play nice in the sandbox of crypto.
“This safe harbor means institutions can finally stake away without worry-like a parent giving the okay to stay out past curfew, but for your crypto. It clears the legal fog, making staking legit and possibly more popular than avocado toast.”
More staking, more liquidity, more decentralization-sounds like a party. Just don’t forget to RSVP.”
And if you’re craving the fine print from the IRS, it’s waiting for you to read here-because nothing says fun like tax regulations! 🚀
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2025-11-13 06:57