The Good Tech Companies - Figment Joins Blockchain Association To Advance U.S. Crypto Policy And Staking Adoption

Episode Date: February 13, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/figment-joins-blockchain-association-to-advance-us-crypto-policy-and-staking-adoption. Joining forces with the country’s preeminent exchanges, venture capital firms, infrastructure, and service providers emphasizes Figment’s continued leadership r Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #figment, #chainwire, #press-release, #blockchain-development, #staking-rewards, #crypto-exchange, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Figment, the leading independent staking infrastructure provider with over $15B in staked assets, announced it is joining the __Blockchain Association. The Association is the leading trade association for the cryptocurrency industry in the United States. Figment will focus on key educational and advocacy initiatives.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Figment joins Blockchain Association to advance US crypto policy and staking adoption, by Chainwire. Today, Figment, the leading independent staking infrastructure provider with over $15 billion in staked assets, announced it is joining the Blockchain Association, the leading trade association for the cryptocurrency industry in the United States. Joining forces with the country's preeminent exchanges, venture capital firms, infrastructure, and service providers emphasizes FIGMENT's continued leadership role in shaping regulation that facilitates institutional crypto adoption. As institutional interest in protocol staking continues to grow, FIGMENT's membership in the Blockchain Association

reinforces its commitment to working with policymakers and regulators to establish clear guidelines for the staking ecosystem in particular. This collaboration comes at a crucial time as the industry seeks regulatory clarity, particularly regarding the treatment of protocol staking in exchange-traded products. Greater than. We are excited to welcome FIGMENT as a member of the Blockchain Association. Greater than as the US moves into a new era for digital assets, establishing regulatory greater than clarity around staking will be critical. We look forward to the FIGMENT team greater than lending their expertise to these policy conversations in DC, states Kristen Smith, CEO at Blockchain Association. Through the association,

Figment will focus on key educational and advocacy initiatives, including protocol staking in ETPs, development of staking regulatory frameworks, education on the distinction between protocol staking and yield products, cross-jurisdictional policy alignment. As a member of the Blockchain Association, Figment strengthens its position as a trusted voice in shaping the future of digital asset infrastructure. This membership enhances the company's ability to serve its 700-plus institutional clients while contributing to the development of responsible industry standards. Figment continues to educate American policymakers on staking's critical importance in securing and

decentralizing proof-of-stake, POS, networks. Having reached a $633 billion market cap, POS networks are noteworthy for offering a more sustainable alternative to energy-intensive proof-of-work mining. The approval of Ethereum in ETFs in May 2024 marked another significant milestone for proof-of-stake networks. The entire Figment team is energized to bring its staking expertise to the Blockchain Association's agenda at this critical moment for the future of the nation's crypto policy. Beyond navigating the hopeful addition of staking to ETPs, Figment is also helping traditional banks and brokerages navigate the opportunities of staking within regulated financial institutions made possible through SAB-12. Greater than protocol staking is the backbone of blockchain

security, ensuring network greater than integrity and decentralization, adds Jenny Levin, chief regulatory and greater than strategy officer. Figment is thrilled to join the Blockchain Association to greater than align with industry leaders to further this message and advocate for a greater than thriving, secure, and decentralized future. About Blockchain Association The Blockchain Association is the unified voice of the cryptocurrency industry. Their members include the sector's leading investors, companies, projects, and protocols, working together to support a future-forward, pro-innovation national policy and regulatory framework for the crypto economy. For more information, users can visit the

blockchainassociation.org. About Figment Figment is the leading provider of staking infrastructure. Figment provides the complete staking solution for over 700 institutional clients, including asset managers, exchanges, wallets, foundations, custodians, and large token holders, to earn rewards on their digital assets. On Ethereum, Figment is the largest non-custodial staking provider of stake DETH. Institutional staking services from Figment include seamless point-and-click staking, portfolio reward tracking, API integrations, audited infrastructure, and slashing protection. To learn more about Figment, users can visit figment.io.

Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.