U.S. Treasury and IRS approve crypto ETPs to stake assets, opening institutional gateway

U.S. Treasury & IRS allow crypto ETPs to stake PoS assets and distribute rewards, resolving legal road-blocks and enabling institutional crypto product growth.

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U.S. Treasury and IRS approve crypto ETPs to stake assets, opening institutional gateway

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U.S. Treasury and IRS approve crypto ETPs to stake assets, opening institutional gateway
U.S. Treasury & IRS allow crypto ETPs to stake PoS assets and distribute rewards, resolving legal road-blocks and enabling institutional crypto product growth.
The U.S. Treasury Department and Internal Revenue Service have issued guidance allowing regulated crypto exchange-traded products (ETPs) to stake proof-of-stake digital assets such as Ethereum or Solana and pass staking rewards to investors under strict conditions. The safe-harbour framework requires single-asset holdings, approved custodians and listing on a national exchange. 

The move resolves longstanding regulatory uncertainty and is expected to attract institutional flows into crypto funds. 

Sentinel