Crypto Organisations Call On US SEC To Explain Staking Regulations

A group of almost 30 crypto advocacy organisations have called on the US Securities and Exchange Commission (SEC) to offer legal clarity on crypto staking, stating that it’s not an investment activity. The crypto proponent organisations spearheaded by the lobby organisation, the Crypto Council for Innovation (CCI) have requested the SEC to provide clear regulatory direction on crypto staking and staking services.

The CCI’s Proof of Stake Alliance (POSA) group argued in an April 30, 2025 letter to the agency’s Crypto Task Force lead, SEC Commissioner Hester Peirce, that staking is fundamentally a technical process, and not an investment activity. The letter also mentioned that staking is not niche, but serves as the backbone of the decentralised Internet.

The coalition urged the SEC to favour responsible incorporation of staking elements in exchange-traded products (ETPs) and eschew overly prescriptive regulations that would freeze market structures and hamper innovation within the staking arena.

FIFA Moves NFT Platform To New Ethereum-Compatible Blockchain

FIFA is set to introduce a new Blockchain network to host its non-fungible token (NFT) collectibles, according to an announcement on April 30, 2025. FIFA will debut its “FIFA Blockchain,” with Ethereum Virtual Machine (EVM) support and seeks to offer “better performance, future features, and improved scalability,” the federation said.

As part of the transition, FIFA Collect, its official NFT collection, will be transferred from the Algorand Blockchain to the new FIFA Blockchain. The transfer is set to start no earlier than May 20, FIFA announced. “At this point, no action is needed immediately. When the migration process starts, we will give you simple, step-by-step guidance on what (if anything) you need to do,” the announcement read. 

FIFA further said that the migration of the collection will occur “not earlier than” May 20, 2025, adding that the exact date will be announced along with clear instructions on migration for the NFT owners. After the migration, wallets external to FIFA Collect like Pera and Defly will no longer be supported. Instead, access to FIFA Collect will be permitted via MetaMask or other wallets supporting EVM that also allow WalletConnect. Other collectibles listed will be listed on the new platform automatically, except if they are delisted by users prior to the migration date.

Sam Altman’s Crypto-Scanning Eye Project World Goes Live

OpenAI CEO Sam Altman’s crypto-linked digital identity project, World, previously known as Worldcoin, has been launched in six cities across the US.

The venture, meant to authenticate people in the age of artificial intelligence, is first visiting what it terms the “key innovation hubs” of Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco, according to Cointelegraph.

World provides a crypto token, Worldcoin (WLD), to individuals who authenticate themselves using its round device known as an Orb, which reads a user's face and eyes. The company had hitherto avoided entering the US market because of regulatory issues regarding issuing a token, concerns now apparently overcome with the pro-crypto Trump administration.