🚀 UK Treasury's got jokes! Crypto staking, the backbone of proof-of-stake blockchains like Ethereum and Solana, is no longer a "collective investment scheme." 🎉
- New law effective Jan. 31 clarifies staking isn't like ETFs or investment funds, dodging heavy regulations.
- Consensys' Bill Hughes quips, "Blockchain isn't an investment scheme. It's cybersecurity!"
- Staking lets users lock tokens to validate transactions and earn more tokens.
What do you think? Is this a win for crypto clarity? Drop your thoughts below! 💬