Ex-SEC Aide Link Liquid Staking to Lehman-Style Collapse
Amanda Fischer wey be former SEC senior counsel talk say liquid staking rehypothecation na like di way Lehman Brothers collapse for 2008, for one post for X. She talk say di SEC new guidance mean say some liquid staking tokens no dey under SEC or Fed control. SEC Commissioner Caroline Crenshaw no too like di guidance, she talk say e get plenty wahala and no clear, but Commissioner Hester Peirce like am, she talk say e go boost DeFi liquidity. Industry pipo like Matthew Sigel from VanEck and Helius Labs CEO Mert Mumtaz talk say Fischer comparison no correct, lawyer Jason Gottlieb talk say if dem use on-chain rehypothecation e for don reduce di 2008 crisis. For meantime, liquid staking TVL don rise 14.5% this year reach $66.94 billion, Lido Finance lead with 48% share, $31.88 billion TVL, Binance-staked ETH na $11.4 billion, up 90%. Traders suppose watch how SEC policies dey change about liquid staking and rehypothecation because e fit affect token performance and market stability.
Neutral
Even though SEC talk sey some liquid staking tokens no dey under securities regulation fit help token liquidity and market confidence, Amanda Fischer stark comparison to the Lehman collapse plus the big tori that followed show sey regulatory uncertainty still dey. Short term, traders fit see more volatility as market people dey react to regulatory signs; long term clear guidelines fit help steady growth for the liquid staking space. Overall, the mixed regulatory outlook and chances for better DeFi liquidity balance am out, meaning the price impact on ETH plus related tokens go remain neutral.