Crenshaw Slam SEC Liquid Staking Guidance as No Real
SEC Commissioner Caroline Crenshaw sharply criticize di SEC’s Division of Corporate Finance staff for dem new liquid staking guidance. She talk say di liquid staking guidance no clear and dem dey rely on unrealistic assumptions wey no follow real staking practices. Di statement talk say liquid staking no be securities transactions and make firms no need register under securities laws, e remind Trump-era Project Crypto approach. Crenshaw warn say dem legal conclusions dey brace on unsupported facts and e only correct if all assumptions make sense. She talk say di guidance na for staff only, e no bind anybody, and e no give much comfort to crypto companies. If any company dem operation comot from dis narrow scope, dem suppose waka carefully. Her critique show say regulatory uncertainty still dey for digital asset businesses. Traders suppose dey watch developments because ambiguous SEC regulation for liquid staking fit spoil market confidence and slow down industry growth.
Bearish
Di hard critique wey dem give SEC liquid staking guidance show say regulatory uncertainty deep well well. For short term, traders fit reduce how dem dey expose to liquid staking products because dem dey fear say staff views no too binding and dey limited. Dis broad uncertainty fit make demand for staking tokens low and fit limit liquidity. For long term, if dem no resolve di guidance, e fit delay project launches, fit slow industry growth, and fit make token valuations dey down. Ongoing unclear talk from top regulator dey always make market sentiment dey cautious and e dey put bearish pressure for staking assets.