Scott Bessent, U.S Treasury Secretary, said:

Today @USTreasury and the @IRSnews issued new guidance giving crypto exchange-traded products (ETPs) a clear path to stake digital assets and share staking rewards with their retail investors.

This move increases investor benefits, boosts innovation, and keeps America the…

— Treasury Secretary Scott Bessent (@SecScottBessent) November 10, 2025

Bill Hughes, lawyer at private blockchain software technology company Consensys, said on X that the impact on staking adoption should be significant.

“This safe harbor provides long-awaited regulatory and tax clarity for institutional vehicles such as crypto ETFs and trusts, enabling them to participate in staking while remaining compliant,” he added. ” It effectively removes a major legal barrier that had discouraged fund sponsors, custodians, and asset managers from integrating staking yield into regulated investment products.”

Under the safe harbor that @SecScottBessent announces below, trusts may stake digital assets (on permissionless proof-of-stake networks) if they:

1) Hold only one digital asset type and cash;

2) Use a qualified custodian to manage keys and execute staking;

3) Maintain… https://t.co/husxmIpAs6

— Bill Hughes 🦊 (@BillHughesDC) November 10, 2025