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Ethereum and Solana staking no longer classified as collective investment schemes in the UK

The UK Treasury's amendments are part of the government's recent plans to foster crypto innovation.

CryptoSlate

Jan 10

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Happy Friday!

In a significant regulatory shift, the UK Treasury has announced that staking for Ethereum and Solana will no longer be classified as collective investment schemes, effective January 31, 2025. This amendment aims to foster innovation in the crypto sector by providing clearer guidelines for blockchain validation processes, allowing participants to engage in staking without the burdensome regulations typically associated with investment schemes. Meanwhile, a new DAO called Aiccelerate, backed by industry giants like Coinbase, Google, and a16z, is set to accelerate the integration of crypto and AI by investing in promising projects. Additionally, Block is on the verge of becoming the first Bitcoin treasury firm to enter the S&P 500, having met key criteria for inclusion.

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The global crypto market cap is $3.26 trillion, with a 24-hour volume of $156.94 billion. The price of Bitcoin is $93,590.06, and BTC market dominance is 56.8%. The price of Ethereum is $3,245.53, and ETH market dominance is 12.0%. The best-performing sector is Art, which gained 24%. The Crypto Fear & Greed Index is currently Neutral (50).