The U.S. Securities and Exchange Commission (SEC) has recently clarified disclosure requirements for crypto asset securities and held a roundtable focused on crypto custody. The SEC's Division of Corporation Finance issued views on disclosures related to securities in crypto asset markets. In response, the crypto industry, led by the Crypto Council for Innovation (CCI) and its Proof of Stake Alliance (POSA), along with nearly 30 leading blockchain organizations including Kraken, a16z, and Paradigm, has formally requested clear regulatory guidance on the status and rules governing crypto staking. This collective effort aims to address regulatory uncertainty and promote a more defined framework for staking activities. Additionally, the Blockchain Association and other industry participants have submitted detailed responses and recommendations to the SEC, advocating for a flexible regulatory approach. Anchorage Digital proposed specific measures such as segregating custody and exchange functions, allowing ETF staking, and modernizing broker-dealer rules. Ripple's Chief Legal Officer highlighted the SEC's decision to drop its appeal against Ripple in March 2025 as a step toward smarter crypto regulation focused on consumer protection. SEC Chairman Gary Gensler has also spoken publicly on crypto regulation, emphasizing the evolving landscape. The industry views regulatory clarity as essential infrastructure for growth and innovation in the crypto sector.