the Crypto Currency Innovation Committee (CCI) plans to collaborate with one of its members, the Proof of Stake Alliance (POSA), to further study the issue of pledging. CCI stated that the market value of pledging has increased from $19 million in 2019 to over $500 billion. US legislators have been committed to legislating around pledging taxation, and the US Securities and Exchange Commission has also charged several companies with pledging plans, including Kraken, Consensys, and Coinbase. POSA's work will be led by Mangiero, who will work with other members such as Ava Labs, Andreessen Horowitz, and Paradigm. Next year, POSA plans to release new policy documents and continue to work with policy makers and regulatory agencies to clarify concepts such as re-pledging.
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The Crypto Innovation Council will work with the Proof of Stake Alliance to conduct in-depth research on issues such as staking regulation.
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