The management of a leading securities trading platform recently raised a industry pain point on social media: staking has become one of the most eagerly anticipated features by users. However, this seemingly simple function has encountered a freeze under the shadow of US regulation—users in four states are temporarily unable to access this service.

The underlying reason is not complicated. Regulatory authorities still have significant disagreements over the definition and regulatory framework of staking, causing platforms to face a dilemma between compliance and innovation. Interestingly, the platform is also exploring a new track with stock tokens, which further increases regulatory uncertainty.

This reflects the common dilemma faced by the entire industry: product innovation is rapidly iterating, but the regulatory framework is still in the exploratory stage. User demand for DeFi yield products continues to rise, but widespread adoption will have to wait for clear policy signals. Industry insiders believe that regulatory developments in the coming months will directly influence the product deployment strategies of mainstream US platforms.