News View Non-AMP

Cathie Wood Takes a Dig at Potential Staking Ban, Says Us Exchanges Lose to Foreign Exchanges

Published by
Elena R

The regulatory landscape for cryptocurrencies and digital assets is constantly evolving, and it’s possible that staking services offered by centralized entities in the US could face restrictions in the future. Despite the ups and downs, many people remain optimistic about the long-term potential of cryptocurrencies and blockchain technology

Cathie Wood of Ark Invest, well-known for her formerly contentious $1 million price target for Bitcoin, has criticised US regulators for their attack on centralised staking. Wood voiced her opinions over a potential ban on staking services provided by centralised entities that are subject to US regulation. 

Taking to Twitter, Wood wrote, “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.”

Internet users agreed with Wood and praised her opinion amid the ongoing fiasco. One of the users wrote,

“Agreed, the shift towards self-custody and decentralization is a step towards financial freedom and privacy. It does pose a challenge 4 exchanges to remain competitive on a global scale. Hopefully, regulators find a balance that supports innovation while still protecting investors.”

Even some speakers connected it to the anti-Bitcoin witch hunt that forced Chinese Bitcoin (BTC) miners to relocate their equipment. Ironically, the United States and Kazakhstan were two of the process’s biggest winners in 2021. 

Wood believes in the long-term potential of the cryptocurrency market and believes that the price of Bitcoin will eventually recover and increase in value over time. According to a Fortune report, Wood’s company expects Bitcoin will recover from its present lows and reach a final value of $1.48 million by 2030, a bullish scenario that would see the cryptocurrency’s value increase by more than 6,300% in just seven years.

Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

Recent Posts

Pepeto Presale Compared to Dogecoin: Which Meme Coin Will Lead the Next Bull Run

Which meme coin could deliver the biggest gains in 2025? As Bitcoin and Ethereum climb…

August 29, 2025

StreamDataX: Unlocking Data Ownership, Trust, and Value Through Decentralization

The global digital economy is projected to reach over $16 trillion and account for approximately…

August 29, 2025

Bitcoin Price Drops To 7-Week Low: How Low Could BTC Fall in the Current Pullback?

Bitcoin just fell under $109,000, its lowest level since July 9. This has raised fresh…

August 29, 2025

Crypto Market Crash: Bitcoin Slips Under $110K, XRP Down 5% Amid ‘Redtember’ Fears

The cryptocurrency market saw a sharp downturn in the past 24 hours, with total market…

August 29, 2025

Shiba Inu (SHIB) Alternative Below $0.0025 Predicted To Soar To $2.50 Before This Cycle Ends

Meme coins have always been more than internet jokes. As the next cycle unfolds, investors…

August 29, 2025

XRP Price Prediction In September: Why XRP Could Rally To $4 But Competitor Remittix Likely To 15x

The XRP price prediction narrative is heating up again as the token rebounds above $3,…

August 29, 2025