**๐ Former Top SEC Official Claims Liquid Staking Could Trigger Market Crash**
Amanda Fischer (former chief of staff to Gary Gensler) believes liquid staking is "rehypothecation 2.0" and could lead to a collapse similar to the 2008 financial crisis. She argues that assets can be endlessly "restaked" without oversight.
The crypto industry responded sharply:
- **Matthew Sigel (VanEck):** "You contradict yourselfโfirst, the SEC 'blesses crypto,' then claims it's unregulated. Which is it?"
- **Joe Doll (Magic Eden):** "This is either a misunderstanding or a deliberate misrepresentation of liquid staking."
- **Mert Mumtaz (Helius Labs):** "Comparing decentralized, transparent systems to the shady schemes of the financial crisis is absurd."