SEC Don Approve Crypto Staking, Say E Be Like Mining; Snorter Token Presale Boast Say E Get 1,247% APY.
Di U.S. Securities and Exchange Commission (SEC) don clear dia position about crypto staking. Dem confirm say both protocol staking and staking-as-a-service no be securities offerings under U.S. law. This one na big change from wetin de last government been do, wey dem don pursue legal cases against big exchanges because of staking services. De new way wey de current leadership wan take do am na to push crypto innovation, so dem go treat staking like dem treat mining for regulatory purposes. This one go make more big companies and everyday people join staking and digital assets.
After de SEC guidance, projects wey de offer high staking yields don de attract traders. One of dem na Snorter Token ($SNORT), wey don launch presale and dem de boast of 1,247% staking APY. $SNORT na Solana-based Telegram trading bot token wey get multi-chain road map, including Ethereum, BNB, Polygon, and Base. De platform promise automated trading and strong technical features. Investors don show strong interest, as de presale don raise $270,000 in two days. Industry data show say Ethereum staking don increase by 5% (2 million ETH) since May 2024, now e de form around 28% of ETH total supply, after major protocol upgrades.
De SEC new pro-crypto approach and U.S. political support, including from de current administration, de show say de environment for staking and related projects go good. But even though high APYs de sweet, investors need to remember say presales and staking get risk and volatility.
Bullish
Di SEC decision say dem go treat staking same-same like mining and dem don clear say e no break any securities law, na big good sign for crypto world. Dis clear law reduce wahala for court, especially for crypto exchange and staking platform, and e go ginger more big big company and small small investor to put money. Before before, when law give green light—like dem approve spot ETF or dem clear things well for mining—e dey make trading plenty and crypto price go up. Dis news also make people wan develop more staking project, like Snorter Token, and e fit boost demand for big Layer 1 coins, like ETH and SOL. For short time, market fit see plenty people dey stake and staking coins fit get more value. For long term, dis one go make the law environment more clear and less wahala, wey go support steady growth and make market mature.