The UK Treasury has clarified that crypto staking, essential for proof-of-stake blockchains like Ethereum and Solana, is not a "collective investment scheme" (CIS), which typically faces heavy regulation. This update to The Financial Services and Markets Act 2000 will take effect on January 31. The move is seen as positive by industry insiders, as CIS management is tightly controlled by the Financial Conduct Authority. This decision aligns with the Treasury's broader plan to draft a comprehensive crypto regulatory framework by early 2025, addressing staking, stablecoins, and more.