Analyst: To achieve further progress for ETH, clarity in staking classification regulation needs to be improved

ChainCatcher news, according to Morningstar, BIT Mining's chief economist Youwei Yang stated that a key factor for seeing the next progress of Ethereum is an increase in regulatory clarity, especially regarding the regulation surrounding staking classification.

Ethereum staking refers to the process where holders lock up Ethereum to secure the Ethereum blockchain and earn rewards. The current Ethereum ETFs do not stake the held Ethereum, which is a concession by the issuers due to the associated regulatory uncertainty.