How scary could the US SEC ban crypto staking be a sight?

[Silberman]

I don't see how stopping staking will affect bitcoin!!!!
First, Bitcoin has nothing to do with Proof of Stake and it has nothing to do with Altcoin, so I don't see how it is affected by this ban.
Secondly, even if these rumors are true, they are still only fears, and then they are only in the United States, and companies that wish to pursue staking can operate in any country other than the United States that does not prohibit staking.
In the end, I see no reason for Bitcoin to fall as a result of this news.

It should not have an effect on bitcoin but retail investors do not care, they see more regulation and immediately assume all the market is going to be affected, which then turns into a reality as they sell their coins and then this strengthens the idea that this is the case, this explains why bitcoin is going down again, but smart investors will immediately realize the mistake those people are committing and take advantage of the cheap price at which bitcoin is trading right now.

[Xal0lex]

A crypto ban in America? This is FUD, this will not happen, there is too much money involved in the industry. Accordingly, there are interests of people with a lot of capital and opportunity in this industry, there will be no ban. After a wave of speculation, this theme will subside and no one will remember about it. About the ban of cryptocurrency in various large countries they talk all the time, even in China this ban did not take place completely. So who will ban something that can be used to make money or even to launder money. The FTX case showed perfectly that even big politicians were involved in cryptocurrency.

[ivankoh]

I think Kraken got scared and did everything that the SEC told them to, even though this decision of banning their staking services was completely arbitrary and should not have been made so rashly. Kraken should have held up its own in court against the SEC's decision. All this panic about staking is premature.

If anything this only shows me how weak willed Kraken actually is and how easy it is to scare and manipulate centralized service providers into doing what the government wants, even if there is no legislation or legality behind it.

I agree.  Kraken has almost no move to show that they are providing services in the right direction.  And easily handcuffed.  Look at coinbase - Paul Grewal, they make claims and evidence that their staking products are not securities in disguise to refute the SEC's allegation.  https://twitter.com/iampaulgrewal/status/1624173847888171008?s=46&t=r0atquMLEL2jVhZvoq-0qA

Just another example of why nobody should trust centralized exchanges.

I think there is reason to believe that Lido, Rocket pool, FXS are accurately reflecting user adoption as short-term rally values ​​gain momentum.  I believe that if the SEC continues this FUD-like crackdown, betting on decentralized exchanges represents the direction of the next market.

[molsewid]

A crypto ban in America? This is FUD, this will not happen, there is too much money involved in the industry. Accordingly, there are interests of people with a lot of capital and opportunity in this industry, there will be no ban. After a wave of speculation, this theme will subside and no one will remember about it. About the ban of cryptocurrency in various large countries they talk all the time, even in China this ban did not take place completely. So who will ban something that can be used to make money or even to launder money. The FTX case showed perfectly that even big politicians were involved in cryptocurrency.

Yeah right, it's been ages since bitcoin and other crypto is existing. Fud like this is not new, only those people who just met crypto through some influencers in Twitter and some other places are the target of this Fud, but those who knew crypto so well will not believe in this. Maybe yes, I can't deny the fact that it causes the coin to some dump or dip but it always happen, and after days or weeks it will recover.

[goaldigger]

Staking coins on an exchange is just like keeping coins there and when bad things happen the staker will lose everything and the exchange will easily give reasons for being hacked. So this move by SEC is not a scary thing, in fact it should be supported because this regulation is like supporting a campaign that is always echoed by crypto lovers, not your key, not your coin.

There’s a lot of crypto investors losses their money because of staking, so this rumor might have a good reason as well since SEC is not against crypto at all, probably its against to their policy which they think is not good. If this is going to happen, DEX will be a better option to many and I think liquidity will not be affected that much as we have many options already and this is just a US SEC which I believe doesn’t represent the every country.

[lalabotax]

The Hot Topic Staking Ban can be seen on everyone's lips. According to a recent tweet by Brain Armstrong, the head of the largest crypto exchange, crypto has become a matter of great concern for now. That said, the US SEC may close the stake in the United States.

We cannot deny that the SEC's connection with the crypto world is really influential. Even though we sometimes understand that the SEC does things like this and destroys the crypto world, it seems like this will never end. The SEC will continue to look for loopholes to create another FUD like this. It becomes one of the controllers. I think this news will certainly affect the crypto market and there will be a possibility for the market to drop because of this FUD. However, we seem to be more prepared if the FUD comes from the SEC. Maybe the results won't be as bad as when they were with XRP back then. What's more, it seems that the SEC often does this and eventually returns to normal again.

[Cryptoababe]

Staking coins on an exchange is just like keeping coins there and when bad things happen the staker will lose everything and the exchange will easily give reasons for being hacked. So this move by SEC is not a scary thing, in fact it should be supported because this regulation is like supporting a campaign that is always echoed by crypto lovers, not your key, not your coin.

You are right. If you keep your coins on exchanges, you are still a bit safe because a bad rumour could make you withdraw your coins before something bad happen to the exchange.
But staking your coins with take some days to cool down in most Exchanges and this is riskier than keeping coins there.