According to Wu Blockchain, U.S. Treasury Secretary Scott Bessent stated that the Treasury Department and the IRS have issued new regulations providing a clear regulatory framework for crypto exchange-traded products (ETPs). These regulations allow ETPs to stake digital assets and distribute staking rewards to retail investors under certain conditions. Consensys Senior Legal Counsel Bill Hughes explained that this safe harbor mechanism applies to specific trust structures, requiring the trust to hold only a single type of digital asset and cash, with key management handled by qualified custodians. The trust must also implement SEC-approved liquidity policies to ensure redemption arrangements, maintain transaction isolation with independent staking service providers, and limit trust activities to asset holding, staking, and redemption, prohibiting proprietary trading. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=51631