In this article, learn about SEC and Fidelity talking about open staking for crypto ETFs! Discussing ETF staking, stablecoins and DeFi regulation

The minutes of the meeting released by the US Securities and Exchange Commission (SEC) recently showed that the SEC Cryptocurrency Working Group (CTF) has held talks with Fidelity Investment and MITRE, respectively, to discuss many key issues in crypto asset supervision.

SEC and Fidelity: Encrypted ETF staking and related rules

At this meeting, the SEC had in-depth exchanges with asset management giant Fidelity on the issue of crypto asset supervision. Discussion content covers:

• Customer protection rules related to brokerage dealers' interaction with digital asset securities (Rule 15c3-3).
• Develop standardized listing rules for digital asset exchange-traded products (ETPs).
• Clarify ETF pledged assets and operating specifications.
• The regulatory method of blockchain tokens and financial instrument-related rewards (such as pledge income, liquidity mining).

These discussions indirectly confirm recent rumors that the SEC intends to open up cryptocurrency ETF staking. It is reported that the SEC has asked the industry to provide relevant memorandums and may issue pledge guidance soon. If the SEC approves the pledge of Ethereum spot ETF, it is expected to attract more institutional investors to participate and may become a catalyst for the rise in Ethereum prices, and even pave the way for the pledge of other cryptocurrency ETFs.

SEC and MITRE: DeFi and Stablecoin Regulatory Challenge

SEC also held talks with non-profit research organization MITRE on DeFi and stablecoin regulation. MITRE provides technical support to the US government, and the focus of this meeting is on:

• Multiple-institution-coordinated stablecoin regulatory methods and related tools development.
• IVAN digital asset threat sharing platform.
• Research results on implicit centralization in the DeFi market.
• Bank stress test of the scenario of connecting DeFi and traditional financial system.
• Smart contract level circuit breaker mechanism to reduce risk transmission.

MITRE's extensive experience in the field of cybersecurity, and its participation in this conference highlights the SEC's efforts to address the complexity of DeFi regulation.

Summary: The SEC's talks with Fidelity and MITRE show that under the new leadership, the SEC is actively exploring a more comprehensive crypto asset regulatory framework and seeking cooperation with industries and research institutions to address challenges posed by areas such as ETF staking, stablecoins and DeFi. Founded in 1958, MITRE originated from MIT Lincoln Laboratories, has important influence in the field of cybersecurity, including maintaining the CVE vulnerability database and the ATT&CK framework.

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