![]() The problems of a legal lacuna can be seen in Switzerland. “Just describing what that is, I think, would be helpful,” Gordon, the exchange’s Vice President for International Policy, told a Tuesday event hosted by the Blockchain for Europe lobby group. Tom Duff Gordon, Vice President International Policy at Coinbase, sees staking as so fundamental to the crypto ecosystem that it needs to be nailed down – and says the lack of any attempt to do so is a major gap in MiCA. That would likely take years, if it happens at all – and some are worried about what will happen in the meantime. ![]() That’s a gap that needs to be fixed, says the European Central Bank’s Christine Lagarde, who’s called for the service – in which crypto holders can post their assets to earn passive income – to be addressed in a MiCA sequel. The European Union’s Markets in Crypto Assets law (MiCA) makes the bloc the world’s first major jurisdiction with a more or less comprehensive crypto law, covering everything from stablecoin issuance to insider trading – but even MiCA leaves staking out. This article is part of CoinDesk's "Staking Week." But recent moves in Singapore and Switzerland show the risk of keeping a legal vacuum, into which regulators may rush to impose heavy-handed restrictions. Setting detailed rules for the still-developing staking sector could prove premature. Crypto staking has so far escaped specific regulation in Europe – but many in the industry wonder if it’s helpful to maintain a regulatory gray area.
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