Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), laid out new guidance that would allow licensed crypto exchanges and funds to offer staking services in the city. Staking offers crypto holders a way of putting their …

Staking service provider SenseiNode operates from Brazil, Argentina, Mexico, Chile, Costa Rica and Colombia.

The Securities and Exchange Commission blocked staking when crypto exchange-traded funds were granted, but the lawmakers suggest the SEC may have been off-base.

The ability to earn yield on bitcoin and potentially unleash a new wave of liquidity into the DeFi ecosystem has become a hot topic of late.

Also: Lido goes modular; Uniswap finally launches Unichain

Lido V3 introduces stVaults, a customizable staking system designed for institutions and more complex investment strategies.

Kraken, which was forced to shutter its staking products in early 2023 thanks to the SEC, has re-introduced on-chain staking for U.S. clients in 39 state territories.

The SEC could consider approving staking for ETFs, boosting sentiment and prices for the second-largest cryptocurrency, market observers said.