🟣 ETH Transactions Hit Yearly High Amid SEC Staking Drama
🚨 Ethereum is heating up — network activity just hit a one-year high, with over 36M ETH now staked (nearly 30% of the total supply)! 🔥
But what’s driving the surge?
🔍 SEC Guidance Shakes the DeFi Staking Scene
The SEC dropped fresh guidance, suggesting liquid staking tokens (LSTs) may not be securities — a huge win for DeFi protocols… or is it?
💬 Some at the SEC (like Commissioner Crenshaw) aren’t buying it, warning that the decision is based on shaky assumptions and “gives little comfort” to builders.
Meanwhile, Crypto Mom Hester Peirce backs the move, calling it a “step forward” for innovation.
🧠 Why It Matters:
_> Liquid staking allows users to earn rewards
while staying liquid
_> Institutional players now feel more confident
using LSTs
_> Over $1.8B in ETH staked in June alone
_> DeFi remains legally unrecognized — for now
🧩 Regulation remains murky, but the ETH ecosystem is clearly gearing up.
📉 Supply is dropping.
📈 Confidence is growing.
🔥 Ethereum is preparing for the next phase.
👉 Is this the start of a new DeFi boom?
#Ethereum #Staking #SEC #DeFi #LST #ETH #BinanceSquare #CryptoNews #Web3 #ETH2.0
