Upon the publication of a tweet by Brian Armstrong, CEO of Coinbase, the cryptocurrency Lido Finance (LDO) has experienced a significant rally on the market. Armstrong has voiced concerns via tweet regarding rumors that the SEC would like to eliminate crypto staking for retail customers in the United States, which he believes would be a disastrous course of action. Lido Finance Price Rally The shift in staked funds from centralized staking providers to decentralized funds was fueled by Lido Finance’s decentralized nature, which led to an increase in the price of LDO. If there is a strong demand for decentralized
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