BlackRock Engages SEC on Ethereum Staking as New Hampshire Legalizes Crypto Investments

U.S. crypto regulation is once again under the spotlight as two major developments suggest a shift in how digital assets may be governed. Investment firm BlackRock has engaged in discussions with the U.S. Securities and Exchange Commission (SEC), reportedly exploring the possibility of adding staking features to Ethereum ETFs and seeking clarity on crypto options trading rules.

At the same time, New Hampshire has become the first U.S. state to legalize investments in both cryptocurrencies and precious metals, signaling a growing trend toward state-level adoption of digital assets.

These events may mark the beginning of a more complex, layered approach to regulating crypto in the United States.

BlackRock Pushes for Innovation in Crypto ETFs

Institutional Interest Expands Beyond Spot Exposure

BlackRock’s recent meeting with the SEC represents a bold attempt to bridge traditional finance and decentralized protocols. By proposing staking mechanisms within Ethereum-based ETFs, BlackRock is testing the regulatory waters for what could become a hybrid financial product.

Staking typically involves locking crypto tokens to support blockchain networks and earn passive rewards. Including such a feature in an ETF would raise major questions around custody, returns, and investor protection.

In addition, BlackRock is seeking clarification on rules governing crypto options, showing that institutional players are no longer satisfied with just basic access to crypto—they want advanced financial instruments backed by regulatory clarity.

New Hampshire Takes Legislative Action on Digital Assets

First State to Legalize Crypto Investments

Meanwhile, New Hampshire has passed a landmark law that legalizes crypto and precious metal investments within its borders. The move reflects the state’s willingness to embrace financial innovation independently of federal guidelines.

This development could pave the way for other states to adopt similar policies, particularly as federal regulators remain cautious. Businesses operating in New Hampshire may now find a more welcoming environment for blockchain and digital asset ventures.

Federal vs. State Approaches: A Dual-Track Future?

Tensions and Opportunities in U.S. Crypto Regulation

The U.S. now appears to be heading toward a dual-track approach to crypto policy. While federal agencies like the SEC continue to deliberate over classifications and compliance, states are beginning to assert their own visions for how digital assets should be handled.

This trend could create opportunities—but also confusion—unless a cohesive national strategy emerges. Still, the combination of institutional engagement at the federal level and grassroots legal change at the state level could offer a more adaptive regulatory model over time.

Conclusion: Momentum Is Building

The recent actions by BlackRock and New Hampshire show that the U.S. is not standing still on crypto regulation. Whether it’s through top-down engagement with the SEC or bottom-up changes in state legislation, momentum is clearly building.

Investors, developers, and policymakers alike will need to pay close attention. The rules of the game are evolving—and the next move could reshape the digital asset landscape in America.