Imagine a special kind of money called cryptocurrency, like Bitcoin or Ethereum. Some people want to invest in it through special funds called ETPs. But there's a problem! US lawmakers are asking the SEC (like a big grown-up in charge of money rules) to let these funds offer something called 'staking'.
- Staking is like lending your crypto to help the system work.
- It lets you earn extra crypto as a reward.
- The SEC is worried about the rules around staking.
- Lawmakers say this hurts US investors compared to other countries.
| Topic | Info |
|---|---|
| What's happening? | US senators want the SEC to allow 'staking' in cryptocurrency funds. |
| Why? | It makes US funds less competitive than those in other countries. |
| What is staking? | Helping a crypto system and earning rewards. |
| Deadline | April 1st for SEC response. |
