SEC Signals Extra Scrutiny for Proof-of-Stake Cryptocurrencies: Report

  • U.S. SEC Chair Gary Gensler said that staked cryptocurrencies may be subject to federal securities regulations, repeating a pro-oversight stance in the wake of Ethereum’s transition to just such a method.
  • Gensler said that proof-of-stake blockchains, which generate new coins for inventors who pool their holdings, take on investment contract-like attributes that could bring them under his agency’s purview.