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SEC’s crypto staking crackdown has uncertain consequences for DeFi: Lido Finance

Published 02/13/2023, 12:59 AM
Updated 02/13/2023, 03:00 AM

A crackdown by the United States securities regulator on crypto staking could have unintended consequences for decentralized finance, according to the head of business development at Lido DAO.

Jacob Blish — who leads business development at Lido’s decentralized autonomous organization — told Bloomberg in a Feb. 13 report that the most significant risk would be if the SEC eventually concluded that no U.S. citizen can interact with crypto staking services, including protocols.

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