After the initial shock of the announcement of the SEC to go after and ban staking on centralized exchanges, it seems to be that many here actually agree with their move. Anyway DEX staking will stay untouched and big multi million dollar companies are forced to comply with the rules which is usually a good thing.
In the SEC video Gary Gensler explained their decision. The most interesting part of that video was that Gensler repeated the Number 1 rule of crypto: Not your keys, not your coins! Additionally he highlighted some of the misdoings of centralized exchanges and how they are not our friends. Not even Kraken, although they are loved here.
We should take this moment and take a closer look and CEX. They are necessary but should just be used as a stop between your FIAT and YOUR crypto. Buy the coins and take them off the exchange. They receive a small fee for their service but that is it. Stake in native wallets or in your cold storage.
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