The sec is not going after staking , and it’s not a bad move

They aren’t going after your on chain staked ada, Atom, eth. They’re going after the voyagers, Celsius, ftx that offer rewards for “staking” your tether.

Cexs don’t prove that they are actually doing on chain staking, and this is a regulation on CEXs to stop them from taking your funds and degenning it into the market and splitting some rewards with it and calling it staking. Cexs having some Rules to abide by isn’t a bad thing.

All in all it’s very healthy for the crypto market and I think it’s being way overblown. Give it a week and people will realize it is an important regulation, and we’ll ralley back and then some.

Tl;dr stop panicking, it’s only a cex regulation, and we’ll be fine.