U.S. Treasury announces guidance for crypto ETF staking

U.S. Treasury Secretary Scott Besent announced that the Treasury Department and the Internal Revenue Service (IRS) have released new guidance for cryptocurrency ETFs. The rules provide a clear framework for retail investor staking and reward sharing. Specifically, ETFs or trust products that support staking must: hold only cryptocurrency and cash; have key management and staking handled by an authorized custodian; allow for investor redemptions even while assets are staked; use an external, independent operator for staking services; and are prohibited from discretionary trading.