THE MARKETS ARE READY

If you look into the crypto bubbles, you see as expected with all the fear injected into the markets, we are seeing a lot of sell-off. There are a lot of people hedging their bets thinking that crypto will pull back further. Just kind of anticipating the possibility of Bitcoin retreating to 20k. That is a strong possibility especially if this hysteria surrounding the stablecoin scrutiny and striking of this staking protocols with the exchanges. If that continues to spread through the markets and does not clear up and resolve itself, we will see more fear in the markets. Bitcoin is only down a few percent, we have survived the worse.

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The markets are ready, and the investors are ready, there are allowed to be some negative days because the markets can not be green every day. Right now, we don't know who will win the staking clampdown. If you don't know already, this is basically after the filing charge against Kraken and having the speculation of the consequences that will affect Defi. The headlines are coming on the precipice of Brian Armstrong who is the CEO of Coinbase, condemning this restriction handed out by the SEO. It is important to note that Kraken settled the charges of closure due to its staking facilities and paid a $30 million fine.

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This is going to lead to more speculation and Defi is going to be the biggest beneficiary of the crackdown on centralized exchanges. What also would happen is that Binance, Coinbase, and other companies that offer staking services will have to register with the SEC. All of these exchanges put funds in the on-chain staking pool on the blockchain such the Ethereum. What this does is it acts as a dividend vehicle for the consumer and kind of simulate what a bond does in a traditional market. That is what is going to threaten the SEC because in the whole securities and commodities debate, it also raises debate in raises rivalry as crypto can attack the US dollar. That is the fear of the regulator from the governmental standpoint not the money laundering and not the illegal activities that go on. However, the reason for concern is because of the SEC for the United States government, it is essentially because of the threat to the US dollar. Crypto grew to a point back in 2021 where regulators took a step back and this is going to be a problem long term, so they want to get it in front of the hate ball.