Deep Tide TechFlow News, on August 6, according to Decrypt, Amanda Fischer, the chief of staff to former SEC Chairman Gary Gensler, compared the liquidity staking mechanism of cryptocurrencies to the asset re-hypothecation practices that led to the collapse of Lehman Brothers, sparking widespread controversy in the industry. Fischer stated on social media platform X that the SEC's stance on liquidity staking is equivalent to acknowledging practices similar to the asset re-hypothecation of Lehman Brothers.
Several industry insiders refuted this. Matthew Sigel, head of digital asset research at VanEck, pointed out the contradictions in Fischer's argument; Austin Campbell, founder of Zero Knowledge Consulting, believed this reflects that policymakers still view cryptocurrencies from a traditional perspective; blockchain lawyer Kurt Watkins stated that Fischer overinterpreted the SEC's position, noting that the SEC's guidance primarily targets liquidity staking arrangements that lack independent decision-making power.
