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JitoSOL is not a security, the protocol claimed in a new research paper.

The cryptocurrency market remains on edge as Bitcoin (BTC) struggles within a tight range of $76,000 to $84,472, weighed down by trade tensions and economic uncertainty.

Jito price remains in a deep bear market after falling by over 40% from its highest level in December last year. Jito (JTO), the biggest liquid staking and restaking network on Solana, was trading at $2.

TL;DR Jito has proposed a tokenomics model that includes token buybacks and fee redistribution to strengthen the ecosystem and increase JTO's value. New mechanisms like “Buyback and Barter” and “Real Yield Gauges” are introduced to optimize incentives for token holders. While not yet official, the proposal has sparked significant debate within the JitoDAO community.

Key Points:

The idea proposes structured decision-making framework that balances "recycling" and "rewards," shifting beyond passive accumulation.

Jito's Andrew Thurman proposes using protocol fees to potentially pay for JTO token buybacks that have been "bartered" with other DAOs.

A contributor to the forum of the Jito Foundation proposed potential mechanisms for revenue redistribution. The proposal caused whale buying and a JTO token rally to $2.62.

Jito (JTO) has faced increasing selling pressure, struggling to break above key resistance levels, and recently experienced a “death cross” on its exponential moving averages (EMAs). This technical formation signals a potential bearish trend, suggesting that JTO might face further downside.

Jito struggled to break key resistance levels while witnessing a death cross on the EMAs.

Despite the broader cryptocurrency market remaining bearish, several assets are witnessing increased capital inflows in the short term.

Jito (JTO), a token developed within the Solana ecosystem, has been gaining attention due to its role in liquid staking and its growing adoption. As the Solana blockchain has faced challenges, Jito's unique features have positioned it as an essential player in the ecosystem.

Upbit announced the addition of JTO to its KRW market, with trading commencing at 14:30 local time, on Fenruary 21.

Earlier today, the cryptocurrency market witnessed a dramatic surge in the price of JTO, the native token of Jito, following the news that Upbit would list JTO for trading on its Korean won market at 14:30 KST.

JTO, the native token of Jito, has spiked 30% since Upbit announced it will be listing the Solana-based coin on Feb. 21 at 14:30 KST.

According to meeting notes published this past Friday, the discussion focused on how staking could benefit investors and strengthen blockchain security. The SEC is currently reviewing multiple proposals for Solana ETFs as asset managers rush to bring alternative crypto ETFs to market.

The newly established Crypto Task Force by the U.S. Securities and Exchange Commission (SEC) met with the CEOs of Jito Labs and Multicoin Capital, which has led to positive momentum for Jito's native token, JTO. The discussion during the meeting centered on the possibility of incorporating staking into crypto exchange-traded products (ETPs), which could have significant implications for the crypto industry.

The SEC's latest outreach programme is already having a significant impact on the markets.

The U.S. Securities and Exchange Commission (SEC) Crypto Task Force has begun considering whether staking should be allowed in crypto exchange-traded products (ETPs) after meeting with Jito Labs and Multicoin Capital on February 5, 2025.

Litecoin (LTC), Jito (JTO), and Bittensor (TAO) added between 17% and 22% to their values in the past seven days, according to CoinGecko data. Bitcoin's resilience and the market-wide recovery in crypto has paved the way for gains in altcoins.

The U.S. SEC reassessed its stance on crypto staking under former chair Gary Gensler, signaling willingly to include the feature in ETFs.

The SEC's engagement with crypto firms on staking in ETPs could reshape investment strategies and enhance blockchain network security. The post SEC's Crypto Task Force engages with Jito Labs, Multicoin Capital on staking for crypto ETPs appeared first on Crypto Briefing.

In a recent update, the U.S. Securities and Exchange Commission (SEC) recently met with Jito Labs and Multicoin Capital to explore an exciting possibility – adding staking to exchange-traded products (ETPs). This meeting is part of the SEC's ongoing push to shape a clear and structured regulatory framework for cryptocurrency investments.

The U.S. Securities and Exchange Commission (SEC) held a meeting with Jito Labs and Multicoin Capital to discuss the potential inclusion of staking in exchange-traded products (ETPs). This discussion was part of the SEC's ongoing efforts to establish a clear regulatory framework for cryptocurrency investment products.