SEC Approves Crypto Staking, Treats Staking Like Mining; Snorter Token Presale Boasts 1,247% APY
The U.S. Securities and Exchange Commission (SEC) has clarified its stance on crypto staking, officially confirming that both protocol staking and staking-as-a-service do not constitute securities offerings under U.S. law. This marks a significant policy shift from the prior administration, which pursued legal actions against major exchanges over staking services. The updated approach under new leadership aims to foster crypto innovation, positioning staking to be treated similarly to mining for regulatory purposes. This is expected to increase institutional and retail participation in staking and digital assets.
Following the SEC guidance, projects offering high staking yields are drawing trader interest. One such project, Snorter Token ($SNORT), has launched a presale boasting a 1,247% staking APY. $SNORT is a Solana-based Telegram trading bot token with a multi-chain road map, including Ethereum, BNB, Polygon, and Base. The platform promises automated trading and strong technical features. Investor appetite appears strong, with the presale raising $270,000 within two days. Industry data shows Ethereum staking has risen by 5% (2 million ETH) since May 2024, now comprising roughly 28% of ETH’s total supply, following major protocol upgrades.
The SEC’s new pro-crypto approach and U.S. political support, including from the current administration, signal a supportive environment for staking and related projects. However, while high APYs are attractive, investors are reminded that presales and staking involve risk and volatility.
Bullish
The SEC’s decision to treat staking identically to mining and clarify that it does not violate securities law is a significant bullish signal for the crypto sector. This regulatory clarity reduces legal risk, especially for exchanges and staking platforms, and encourages further institutional and retail investment. Historically, regulatory green lights—like the approval of spot ETFs or positive mining clarifications—have triggered increased trading volumes and price rallies across the sector. The news also incentivizes the development of staking-based projects, such as Snorter Token, and could further fuel demand for major Layer 1 coins, including ETH and SOL. In the short term, the market may see increased staking participation and increased token values for staking-centric projects. Long-term, this creates a more predictable, less adversarial regulatory environment, supporting sustainable growth and market maturity.