The U.S. Securities and Exchange Commission considers all crypto assets except Bitcoin to be securities and is targeting staking services in its latest crackdown on crypto exchanges. This could lead to more staked ETH being moved to Lido, the market-leading liquid staking provider for Ethereum.
However, this poses significant risks to the Ethereum ecosystem, as Lido's dominance could lead to cartelization and manipulation. There is a growing movement to divest from Lido and explore alternative Ethereum staking options, as ETH prices have taken a hit following last week's regulatory attacks on the industry.
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