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Who else thinks that the SEC/Kraken shenanigans are a good thing?

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by COINS NEWS 104 Views

Basically what gensler said today is very clear. The SEC went after staking, but with specificities: 1) The SEC considers CUSTODIAL staking as a securities offering. 2) The SEC considers POOLED staking as securities offering. 3) The SEC considers LOCKED crypto as a securities offering. 4) The SEC considers CENTRALIZED crypto staking as a securities offering. Now: If you have a crypto that runs its consensus algorithm based on one of the above, you might want to reconsider your investments. If you don't directly stake your coins and go through a centralized exchange. Ain't got nothing to advice you, because you already refuse to understand that "not your keys not your crypto". You're doomed. If you're like me, having your coins never leave your wallet and actively staking your crypto in a non-custodial , non-pooled, decentralized, while keeping your coins fully liquid, then you can relax. The SEC and Gansler can tell you nothing. Chill and relax. DYOR

submitted by /u/Formal_Regret_1628
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