Treasury Secretary Scott Bessent recently announced that the Treasury and the Internal Revenue Service (IRS) have provided a clear legal pathway for exchange-traded funds (ETFs) and trusts to stake crypto assets and share rewards with investors.

New Crypto Staking Provisions

Bill Hughes, a market expert and lawyer from the blockchain software firm ConsenSys, explained that, under the new provisions announced by Secretary Bessent, trusts can stake digital assets on permissionless proof-of-stake (PoS) networks if they meet specific criteria.

These requirements include holding only one type of crypto asset along with cash, utilizing a qualified custodian to manage keys and execute the staking process, and maintaining Securities and Exchange Commission (SEC)-approved liquidity p

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