US academic institutions urge SEC to implement stringent crypto staking rules, oversight

US academic institutions urge SEC to implement stringent crypto staking rules, oversight

Representatives from multiple universities met with the US Securities and Exchange Commission’s (SEC) Crypto Task Force on June 23 to discuss a staking rulebook.
The meeting included representatives from the University of California, Berkeley School of Law, Georgetown University Law Center, the University of Chicago Law School, and venture firm Placeholder.
According to the logs, the discussions focused on narrow definitions, economic guardrails, and open-source requirements when it comes to staking digital assets.
Mutual-funds approach
The delegation worked under the Blockchain and Law at Berkeley (BLAB) banner and requested that the SEC certify the term “staking” only for products that perform protocol-level validation and require pre-approval of any retail marketing that uses the label. 
They compared the approach to the mutual-fund “80% names rule,” arguing that precise terminology would stop custodial yield programs from masquerading as core network staking. 
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