“The former SEC head of the SEC apparatus for the presidency of Gary Gensler said the liquid stinging was reminiscent of practices that led to the 2008 financial crisis. Representatives of the crypto industry criticized this position. The Sec’s Latest Crypto Giveaway is to Bloss of the Same Type of RehypottheCation that Craterly Lehman Brothers – Only in Crypto It’s Worse Because you can do it. […]”, – WRITE: Businessua.com.ua
The former head of the apparatus Sec Gary Gensler’s presidency stated that liquid stinging was reminiscent of practices that led to the 2008 financial crisis. Representatives The crypto industry criticized this position.
The Sec’s Latest Crypto Giveaway is to Bloss the Same Type of RehyPotheCation that Craterly Lehman Brothers – Only in Crypto It’s Worse Because You Can Doig.
SO WHAT’S GOING ON? (Thread) https://t.co/q0lop2ixwv
– Amanda Fischer (@amandalfischer) August 5, 2025
“Liquid stinging allows you to deposit cryptocurrencies in exchange for a synthetic analogue of the same assets through a centralized mediator. At the same time, the user receives a remuneration for basic tokens and can use synthetic in market operations, ”she wrote.
Fisher compared this practice with uncontrolled reuse of assets used by Lehman Brothers before bankruptcy. In her opinion, a decentralized nature only exacerbates the risks – tokens can be stated repeatedly unattended.
“If a synthetic token loses value or breaks it, it can cause a chain reaction with serious consequences for the market,” the former official added.
So she responded to the SEC decree under the leadership of Paul Atkins, according to which liquid stinging tokens are not securities. The solution is aimed at maintaining innovations in Defi.
The reaction of the crypto industry The head of digital assets Vaneck Matthew Sigel pointed to the contradiction in Fisher’s words.
First You Say The Sec is Blecessing Crypto. THEN YOU SAY CRYPTO HAS NO Sec Oversight. WHICH is it? You’re Contradicting Yourself Mid-Rant.
– Matthew Sigel, Recovering Cfa (@Matthew_sigel) August 5, 2025
“First you say that SEC approves crypto. You then declare that it is out of supervision of SEC. So how do you really? ” He asked.
In his opinion, SEC has removed liquid stinging from the securities regulation zone, but this does not mean complete lack of supervision. It is only a non -interference with decentralized systems.
Magic Eden’s main legal adviser Joe Dolle accused Fisher of “deliberately distorting the facts.”
This is an incredibly misleading post that demonstrates either a misunderstanding of the basic technological features that underpin liquid sting
– sh0edog 🇺🇦 (@sh0edog) August 5, 2025
“This is an extremely manipulative statement that indicates either a misunderstanding of the basic technical principles of liquid stinging (stupidity/unpreparedness), or intentionally distorting facts (evil intention),” he commented on Fisher.
CEO HELIUS LABS MUMTAZ added:
“To compare transparent decentralized systems operating on a checked code with opaque shadow schemes under the control of fraudsters and to claim that the first is worse, this is absurd. You either do not understand how LST work or deliberately pretend. ”
The Blockchain Law lawyer Kurtinskins acknowledged that Fisher had broken an important topic of potential stinging abuse, but called her conclusions exaggerated.
“It is a system of liquid stinging where the provider does not make decisions, and Token is a passive requirement for a basic asset,” he said in a comment to Decrypt, stressed that SEC does not approve of products with a credit shoulder.
Recall Bernstein analysts called Project Crypto “the most boldest and most transformational vision of cryptocurrencies that ever presented SEC.”
The gun
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