DeFi Protocol Lido Finance Express Concerns on SEC's Action
The world’s largest DeFi application for crypto staking – Lido Finance – has expressed concerns and challenges ahead in the wake of SEC’s crackdown. Initial reports suggested that decentralized crypto-staking platforms like Lido Finance could benefit from SEC’s crackdown. However, that seems to be entirely the case. advertisement Jacob Blish, head of business development at Lido Finance said that while on-chain permissionless staking could see some benefit, it really depends on the final resolution in this matter. Blish added that if the US regulators decide that no individuals could interact with crypto-staking services of any form, then “we have a different problem”. Speaking to Bloomberg, Blish added: “The biggest risk I personally see as a US-based person is if they come down and say you can no longer even interact with or contribute to these types of protocols. Then me as a contributor to the DAO, does t...