The Securities and Exchange Commission could be coming for staking, according to Coinbase CEO Brian Armstrong—and, if so, this could open the door for decentralized tokens like Lido’s LDO to take over the staking business of U.S.-based exchanges.
Armstrong's comments led to the price of Lido’s LDO token, which is used for staking but is not tied directly to the U.S., soar as high as 23% to $2.97 on Wednesday before retreating, according to CoinMarketCap. It was still up 2.72% at $2.50 on Thursday morning on an otherwise down day for crypto.
