Caroline Crenshaw warned that the new guidance does not promote regulatory clarity and instead fosters further uncertainty in the legal treatment of crypto staking

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Meanwhile, Democrat SEC Commissioner Caroline Crenshaw criticized the latest statement from the Division of Corporate Finance, saying that it paints an "incomplete picture" of the law around crypto, minimizing "significant" risks the products pose to investors.

"Rather than promote clarity, this approach continues to sow uncertainty around what the law is and what parts of it the Commission is willing to enforce," she wrote.