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Biggest Crypto Staker Lido Expresses Concerns for DeFi Post SEC’s Kraken Crackdown

Last week’s SEC’s crackdown on the Kraken exchange and the shutdown of its crypto staking services set a new precedence for the agency’s enforcement in the crypto space. Now, the DeFi space could face similar challenges ahead. The world’s largest DeFi application for crypto staking – Lido Finance – has expressed concerns and challenges ahead in the wake of SEC’s crackdown. Initial reports suggested that decentralized crypto-staking platforms like Lido Finance could benefit from SEC’s crackdown. However, that seems to be entirely the case. (coingape)

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