'Decentralization wins, US exchanges lose': CathieDWood comments on PoS crackdown
In a comment, Cathie Wood slammed the ignorance of United States regulators as rumors about a possible ban on staking for retail clients accelerate.Today, on Feb. 11, 2023, Wood took to Twitter to share her views on the possible ban on staking services offered by U.S.-regulated centralized entities. She stressed that it would damage the competitiveness of the U.S. in this emerging Web3 tech segment.
So, activity moves to offshore exchanges or to self custody, self sovereignty, and self control? Decentralization wins. Great! Given regulatory arbitrage, however, US exchanges lose to foreign exchanges, not so good for US competitiveness in the crypto revolutions, in my view.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ark Invest CEO Cathie Wood explains the real reason behind tech layoffsARK Invest CEO and CIO Cathie Wood gives her perspective on what factors are driving the layoffs in the technology industry on 'Mornings with Maria.'
Read more »
Buy Tesla stock if you want to cash in on ChatGPT, Cathie Wood saysJust buy more Tesla stock if you want to cash in on the ChatGPT-driven surge for AI tech, Cathie Wood says
Read more »
Ark Invest's Former Analyst Makes New Ethereum (ETH) Prediction: DetailsChris Burniske believes that Ethereum will cause some trouble for holders as the market outlook is becoming more grim
Read more »
Montgomery student found with plans for ‘homophobic club’ on school laptopThe documents were found by a teacher at Earle B. Wood Middle School in Rockville.
Read more »