Jito Labs leads SEC petition to approve Solana liquid staking tokens for ETPs

The leading validator and block builder, Jito Labs, led a petition to the SEC to approve Solana liquid staking tokens for exchange-traded products (ETP) and ETFs. The filing starts a new stage of using crypto in traditional finance, allowing in-kind compensation and passive income. Jito Labs , along with Bitwise, Multicoin, VanEck, and Solana Institute, filed a petition to the US Securities and Exchange Commission (SEC) to allow the usage of Solana liquid staking tokens in ETF and ETP. JUST IN: Jito Labs, Bitwise, Multicoin, VanEck, and Solana Institute urge the SEC to approve Liquid Staking Tokens in ETPs. They...