One of the major events that spearhead the 2022 bear market was the wild hunt for projects and tokens that were securities.
Gary Gensler particularly went after projects like XRP and BNB, well of a truth, they had a centralized distribution and centralized management of funds.
However projects as Ethereum and BTC has been cleared because of their no promises of returns and network utility features, this also extends to DEFI activities, as DEFI staking activities do not promise guaranteed returns.
Recently the SEC confirmed that some certain staking activities and protocols are not securities, example LBTC of Lombard finance.
This is a huge win, normally you'd have thought staking activities would have some form of scrutiny from the US SEC. For @LOMBARD_finance it's very easy: they're building around Bitcoin which is completely decentralized, no centralized issues,and for another sentiment reason: the safest digital asset.
These are some of the advantages of building on BTC, if you need an additional reason why BTC DEFI has to be unlocked, here is one of the reasons why Lombard finance has chosen to be one of the earliest protocols to do so.
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