The US Securities and Exchange Commission (SEC) has issued new guidance on liquid staking, raising expectations that staking could soon be permitted within spot crypto ETFs. Nate Geraci, co-founder of The ETF Institute, described this as the ‘last hurdle’ before approval, with liquid staking tokens (LSTs) enabling liquidity management. The SEC’s Division of Corporation Finance clarified that, under certain structures, liquid staking does not involve securities offerings. Industry leaders, including Jito Labs CEO Lucas Bruder, praised the SEC’s nuanced understanding and anticipate broader use of LSTs in financial instruments like ETFs. The guidance follows a May 29 staff view that protocol staking does not require registration, though the SEC noted its stance applies only to specific scenarios. This development could streamline the approval process for staking-enabled ETFs.
about SEC Guidance Paves Way for Staking in Crypto ETFsLucas Bruder
0 posts last weekSolana Developers Target Market Microstructure with ACE
Solana’s developer ecosystem, including key figures like co-founder Anatoly Yakovenko, is prioritizing changes to the network’s market microstructure through Application-Controlled Execution (ACE). ACE allows on-chain applications to dictate transaction execution order, addressing what developers call the ‘single most important problem in Solana today.’ This shift could enable features like sniper protection for token launches and improve overall market efficiency. The roadmap includes short-term updates like Jito’s Block Assembly Marketplace and long-term developments such as Anza’s Alpenglow consensus protocol, aiming to reduce latency and simplify development. The goal is to create a flexible foundation for optimal market structure by 2027, fostering Solana’s growth as a hub for high-liquidity markets.
about Solana Developers Target Market Microstructure with ACE