The former chief of staff of the US SEC compared liquidity staking to repeated collateral before Lehman Brothers went out of business, which was refuted by people in the cryptocurrency industry
TechFlame
2025-08-06 02:39
TechFlame2025-08-06 02:39
English
TechFlame reports that Amanda Fischer, the chief of staff of former US Securities and Exchange Commission (SEC) chairman Gary Gensler, compared the cryptocurrency liquid pledge mechanism to repeated asset collateral acts that caused Lehman Brothers to go out of business, causing widespread controversy in the industry. Fischer said on social platform X that the SEC's stance on liquid staking is tantamount to endorsing repeated asset staking practices similar to Lehman Brothers.
Many industry figures have refuted this. Matthew Sigel, head of digital asset research at VanEck, pointed out that Fischer's statement was inconsistent; Austin Campbell, founder of Zero Knowledge Consulting, believes this reflects that policymakers still view cryptocurrencies from a traditional perspective; blockchain lawyer Kurt Watkins said that Fischer overinterpreted the SEC's position, and the SEC's guidance mainly targets liquid stakes that do not have autonomous decision-making power settings.