The Crypto Innovation Committee is collaborating with the Proof of Stake Alliance to conduct in-depth research on issues such as staking regulation

2024-10-30 19:21:25

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ChainCatcher news, according to The Block, the Cryptocurrency Innovation Council (CCI) plans to collaborate with one of its members, the Proof of Stake Alliance (POSA), to further explore staking issues. CCI stated that the market value of staking has increased from $19 million in 2019 to over $50 billion.

U.S. lawmakers have been working on legislation regarding the taxation of staking, and the U.S. Securities and Exchange Commission has also brought charges against several companies' staking programs, including Kraken, Consensys, and Coinbase. The work of POSA will be led by Mangiero, who will collaborate with other members such as Ava Labs, Andreessen Horowitz, and Paradigm.

Next year, POSA plans to release new policy documents and continue working with policymakers and regulators to clarify concepts such as re-staking.

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