Lido DAO member, Jacob Blish, raised alarm bells over DeFi’s possible future if the SEC limits or bans US citizens from interacting with crypto staking services.
"The most disappointing thing is we as an industry keep getting asked for transparency, but then me as a U.S. citizen, I get no transparency and how [regulator's] decision-making process is going."
On Feb. 9 the SEC charged crypto exchange Kraken with"failing to register the offer and sale of their crypto-asset staking-as-a-service program" prompting the exchange toI honestly hope that somebody proves, in court, that there is a legal, user-friendly version of custodial staking that can be offered to US consumers. It’ll be a brutal, lengthy, expensive fight and a massive distraction but the industry and the USA will be extremely grateful.
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