The SEC's announcement that cryptocurrency liquid staking activities are not securities essentially serves as a 'confidence booster' for platforms, institutions, and users in the United States, meaning they can now participate more comfortably and freely in the LDO ecosystem. The main concern previously was whether it would touch upon securities law, and with this definitive ruling, it is like removing constraints.

For the entire DeFi industry, more protocols may be willing to integrate stETH, not only because it is a derivative of mainstream assets but also because compliance risks have diminished. In this scenario, centralized exchanges and even traditional fintech platforms have more reasons to list or support Lido, potentially bringing in a new wave of capital.

From Lido's perspective, this is essentially an official endorsement: the design approach is sound, and the model is okay. For them, it is not just a compliance benefit; more importantly, it opens the door to the largest capital market in the United States. In the long run, whether in terms of user growth or ecological innovation, this will be a strong driving force.

Whether looking at it from a short-term or long-term perspective, this is a positive development $LDO