- Opinion about the upcoming lawsuit from the regulator was expressed by the podcaster of the Bankless project
- He later denied the information, but the course collapsed anyway.
- Prior to this, the SEC did show interest in staking program providers.
Last weekend, March 4-5, rumors spread online that the SEC (Securities and Exchange Commission) was allegedly preparing a notice for staking on Lido. Against this background, the rate of the native token of the service “sank” by more than 10%.
Duck was launched by David Hoffman, podcaster of the Bankless project. He claimed that Lido and other staking program providers allegedly received a “Wells Notice” from the SEC.
Here we are talking about the official appeal of the regulator. It contains a list of charges against the counterparty, the presentation of which is considered by the Commission.
In fact, this is the same “letter of happiness” that is usually followed by a lawsuit. Given the SEC sanctions against Kraken and the unclear situation with Coinbase, Hoffman’s statement seemed to be true.
He later publicly retracted it. In the comments CoinDesk the podcaster noted that this whole situation is the result of a misunderstanding between him and the lawyer.
One way or another, the rumor about a possible notice from the SEC somewhat undermined the confidence of traders in the stability of Lido. Against this background, on Saturday, March 4, the exchange rate of the site’s native token fell by 10%.
At the time of writing, it is trading at $2.55 (-0.8% per day). At the same time, the historical maximum is $6.36, it was reached at the end of August 2021.
This whole situation once again proves how important your own “research” is. Recall that earlier we published a detailed guide on this topic. More information at the link.