Today, Figment, a leading independent staking infrastructure provider with over $1.5 billion in betting assets, announced it will be joining the Blockchain Association, the leading industry association for the US cryptocurrency industry. It highlights the continued leadership role of figment in shaping regulations that promote institutional crypto adoption by excellence in the country, venture capital companies, infrastructure and service providers. .
As institutional interest in protocol stake continues to grow, Figment’s Blockchain Association membership has made a commitment to working with policymakers and regulators, particularly to establish clear guidelines for the staking ecosystem. It will be strengthened. This collaboration comes at a critical time, especially with regard to protocol staking treatment in products traded on exchanges, as the industry seeks regulatory clarity.
“We look forward to welcoming figments as members of the Blockchain Association. As the US moves into a new era of digital assets, it is important to establish clarity in staking regulations. Blockchain According to Association CEO Kristin Smith, we look forward to lending expertise to these policy conversations in DC.
Through the association, Figment will focus on key educational and advocacy initiatives, including:
ETPS Protocol Staking Staking Regulation Framework Development Protocol Adjustment of Juris-like Policy via Education on the Distinguishing of Staking and Resid Products
As a member of the Blockchain Association, Figment strengthens its position as a trusted voice in shaping the future of digital asset infrastructure. This membership enhances the company’s ability to serve more than 700 institutional clients while contributing to the development of responsible industry standards.
Figment continues to educate American policymakers on the important importance of staking in securing and decentralizing Proof-of-Stake (POS) networks. With a market capitalization of $633 billion, the POS network is notable for offering a more sustainable alternative to energy-intensive work mining. Ethereum’s approval at the ETF in May 2024 marked another important milestone for the network of certification.
The entire Figment team is energised to bring its staking expertise to the Blockchain Association’s agenda at this critical moment for the future of the country’s crypto policy. In addition to navigating the hopeful addition of staking to ETPS, Figment also helps navigate staking opportunities within regulated financial institutions made possible through SAB 122. Masu.
“Protocol staking is the backbone of blockchain security and ensures network integrity and decentralization,” adds Chief Legurat and Strategy Director Jenny Levin. “Figment is excited to join the Blockchain Association and work with industry leaders to promote this message and advocate for a thriving, safe, decentralized future.”
About the Blockchain Association
The Blockchain Association is the unified voice of the cryptocurrency industry. Their members include key investors, businesses, projects and protocols in the sector, working together to support the national policy and cryptoeconomic regulatory framework of the future pro-protests. For more information, users can access BlockChainAssociation.org.
About the Figment
Figment is a leading provider of infrastructure staking. Figment offers a complete staking solution to earn digital asset compensation to over 700 institutional customers, including asset managers, exchanges, wallets, foundations, custodians and large token holders . At Ethereum, Figment is the largest non-principled staking provider for muddy ETH. Figment’s institutional staking services include seamless point-and-click staking, portfolio reward tracking, API integration, audited infrastructure, and thrashing protection. For more information about Figment, users can access figment.io.
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