[U.S. Treasury Clarifies Regulatory Path for Cryptocurrency Staking ETPs] U.S. Treasury Secretary Scott Bessent announced a new policy in coordination with updated guidance from the Internal Revenue Service (IRS) to provide regulatory support for cryptocurrency ETPs with staking features. The guidance clarifies the tax treatment of staking rewards within ETP structures, stipulating that staking rewards will not immediately trigger direct tax obligations for individual investors. Asset management companies believe the new framework reduces compliance risks and enhances product viability. Market analysts predict that this policy could accelerate the approval of Ethereum staking ETPs and promote the development of multi-chain staking products.