Opinion: The Securities and Exchange Commission is going to push more people to stake outside of exchanges — which regulators can't control.
. Commissioner Hester Peirce objected to the rashness of this enforcement action, stating that “using enforcement actions to tell people what the law is in an emerging industry is not an efficient or fair way of regulating.” It creates uncertainty and forestalls investment. What is needed are fair and clear rules. Barring that, American leadership in crypto will fade.
It would be great if all government-regulated companies accounted for considerably less than 10% of Ethereum’s staking, or any public blockchain’s for that matter. It might be the case that the fastest way to achieve this change is to ban staking! After Mr. Armstrong’s tweets, decentralized staking projects’ token prices got a boost. Hopefully, this will translate into an increase in their staking percentages. There was another bump upon the Kraken announcement.
Fiat on-ramp exchanges like Coinbase will always play an important role in crypto, but it’s clear that eventually, every crypto-to-crypto service these intermediaries currently offer will be retired in favor of superior fully decentralized alternatives.Dennis Jarvis
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Ether Liquid Staking Tokens Jump on Rumors of SEC Ban for Staking ProvidersLiquid staking tokens such as $LDO and $SD jumped overnight as investors bet on growth in decentralized staking products amid rumors of their centralized counterparts facing a possible ban in the U.S. By shauryamalwa
Baca lebih lajut »
Getting rid of crypto staking would be a 'terrible path' for the US — Coinbase CEOCoinbase CEO Brian Armstrong has condemned a rumor that the SEC is looking to “get rid of” retail crypto staking in the US, suggesting it would be a “terrible path” for the country.
Baca lebih lajut »