These 3 Altcoins could go parabolic with the SEC’s regulators pressure, most recently in the United States.
SEC stepped up its pressure
The United States Securities and Exchange Commission has sued Terraform Labs and its founder, Do Kwon, for allegedly “arranging a billion-dollar crypto-asset securities scam.” The SEC has also objected to the issuance of the Mirror protocol, which lists mAssets and mAssets, crypto derivatives that reflect the stock price of publicly traded companies.
The SEC filed a 55-page complaint with the U.S. District Court for the Southern District of New York on charges of violating the registration and anti-fraud provisions of the Securities Act and Exchange Act.
In the United States, regulators have been grappling with the classification of cryptocurrencies as securities, property, or something else for quite some time.
Recently, the strictest regulator, the Securities and Exchange Commission (SEC), has stepped up its pressure on crypto staking. In response to this move, this decision may affect Lido DAO (LDO), Rocket Pool (RPL), and Ankr Network (ANKR).
These 3 altcoins could be parabolic
Lido DAO (LDO)
Lido is a decentralized liquid staking provider that has been performing well recently. The 7-day chart and the 30-day chart are up 5% in the last 24 hours and 30% in the last thirty days. Lido would benefit greatly if the SEC bans central staking providers in the US. Currently, Lido’s market share is 25%, while the largest US exchange Coinbase has only 11.5%.
However, LDO is currently trading at $2.87. As a result, most of the cbETH, possibly from US customers, could be released and transferred to Lido, increasing its value.
Rocket Pool (RPL)
As a decentralized Ethereum liquid staking pool, Rocket Pool expects to profit significantly from US cryptocurrency staking restrictions. Rocket Pool, which has gained 4% in the last 24 hours and 43% in the last 30 days, is trading at $ 51.01. Investors talk about having to turn to alternatives like Rocket Pool.
Ankr Network (ANKR)
Ankr has the highest potential for future expansion, according to analysts, of the three altcoins mentioned. Cryptocurrency ANKR has risen 11% in the last 24 hours, according to cryptokoin.com data, and will likely emerge as an ideal option for investors looking for an alternative once central staking is banned in the United States.
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