'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.
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