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

Coinbase Launches In-App DEX Trading for U.S. Users, Starting With Base-Native Tokens

Coinbase is taking another big step as an all-in-one hub for crypto. The company has…

August 8, 2025

Ethereum Surges Above $4,000 After 8 Months, Is $6,000 Next?

Ethereum just crossed the $4,000 mark for the first time since last December, sparking excitement…

August 8, 2025

XRP Ledger Hits Record 7.3M Addresses, New Ethereum Layer 2 Launches With 25,000% Staking Rewards

There’s palpable excitement amongst crypto investors as Ripple (XRP) hits a new milestone of 7.3…

August 8, 2025

Jack Dorsey’s Block Adds $12.6M in Bitcoin, Hits $1B BTC Milestone

Block Inc., a leading fintech company, is expanding its Bitcoin treasury while launching new initiatives…

August 8, 2025

Pi Coin (PI) and Solana (SOL) Prices Slow To React To Crypto Pump; Remittix (RTX) Is Going Parabolic

Pi Coin (PI) and Solana (SOL) have shown mixed price movements, with Pi Coin continuing…

August 8, 2025

Smarter Web Adds 50 BTC, Now Holds $229M in Bitcoin

The Smarter Web Company has purchased an additional 50 Bitcoin, increasing its total holdings to…

August 8, 2025