Figment Joins Blockchain Association to Shape U.S. Crypto Policy and Staking Adoption
Figment Joins Blockchain Association
Toronto, Canada, 13th February 2025, Chainwire – Figment, the leading independent staking infrastructure provider with over $15 billion in staked assets, announced it is joining the Blockchain Association, the foremost trade association for the cryptocurrency industry in the United States.
Empowering Institutional Staking
By collaborating with prominent exchanges, venture capital firms, infrastructure providers, and service companies, Figment emphasizes its leadership in shaping regulations that encourage institutional crypto adoption.
As interest in protocol staking expands, Figment’s membership reinforces its dedication to working with policymakers to clarify guidelines specific to the staking ecosystem. This move occurs at a pivotal time when regulatory clarity is essential, especially regarding the treatment of protocol staking in all types of investment vehicles.
Advocacy and Educational Initiatives
- Protocol staking in exchange-traded products (ETPs)
- Development of staking regulatory frameworks
- Education on protocol staking vs. yield products
- Cross-jurisdictional policy alignment
As a member of the Blockchain Association, Figment strengthens its voice in influencing future digital asset infrastructures, thus enhancing its capacity to support over 700 institutional clients effectively.
Figment is committed to educating policymakers on the significant role of staking in securing and decentralizing Proof-of-Stake (PoS) networks. With a market cap reaching $633 billion, PoS networks provide a more sustainable alternative to energy-intensive Proof-of-Work mining.
An Exciting Future Ahead
The entire Figment team is energized to contribute expertise to the Blockchain Association’s agenda at this critical juncture for U.S. crypto policy. Efforts also aim to assist traditional banks and brokerages in exploring staking opportunities within regulated environments.
“Protocol staking is crucial for blockchain security,” states Jennie Levin, Chief Regulatory & Strategy Officer. “Joining the Blockchain Association aligns us with industry leaders to advocate for a strong and decentralized future.”
About Blockchain Association
The Blockchain Association unites prominent players in the cryptocurrency space, striving for innovation-friendly national policies and regulatory frameworks.
About Figment
Figment provides comprehensive staking solutions to 700+ institutional clients, including asset managers, exchanges, custodians, and large token holders.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.