Figment Joins Blockchain Association to Shape Crypto Regulation
Figment Strengthens Leadership in Crypto Regulation
Figment, a top staking infrastructure provider managing over $15 billion in assets, has joined the Blockchain Association, a key U.S. crypto trade group. This move underscores Figment's role in shaping regulations to boost institutional crypto adoption.
Advocating for Regulatory Clarity
With growing institutional interest in protocol staking, Figment's membership is timely. The company will work with policymakers to establish clear guidelines, especially for staking in exchange-traded products (ETPs). Kristin Smith, CEO of the Blockchain Association, welcomed Figment, noting the importance of their expertise in advancing regulatory clarity.
Key Initiatives
Figment will focus on:
- Protocol staking in ETPs: Ensuring staking's role in ETPs is understood and integrated.
- Regulatory frameworks: Developing clear guidelines for the staking ecosystem.
- Education: Highlighting differences between staking and yield products.
- Policy alignment: Ensuring consistent regulations across jurisdictions.
Enhancing Industry Influence
As a member, Figment strengthens its position as a trusted voice in digital asset infrastructure, better serving its 700+ institutional clients. The company is also educating policymakers on staking's role in securing Proof-of-Stake (PoS) networks, which offer a sustainable alternative to energy-intensive mining.
Supporting Sustainable Blockchain Networks
With PoS networks reaching a $633 billion market cap, Figment emphasizes their importance. The approval of Ethereum ETFs in May 2024 marked a significant milestone, showcasing the potential of PoS.
Navigating Crypto Opportunities
Figment is helping traditional banks and brokerages explore staking opportunities, supported by SAB 122. Jennie Levin, Chief Regulatory & Strategy Officer, emphasized staking's critical role in blockchain security and decentralization.
About the Blockchain Association
The Blockchain Association is the unified voice of the crypto industry, advocating for a pro-innovation policy framework. Its members include leading companies and investors.
About Figment
Figment provides staking solutions for over 700 institutional clients, including asset managers and exchanges. They offer non-custodial staking, reward tracking, and slashing protection, making them a leader in staking infrastructure.
Figment's membership in the Blockchain Association highlights their commitment to advancing the crypto industry through advocacy and education.
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