The news that Kraken reached a settlement with the U.S. Securities and Exchange Commission (SEC) dealt a heavy blow to the crypto market. Bitcoin fell below $22,000 for the first time since January 21, and the prices of most Altcoins fell sharply. However, the tokens of decentralized liquidity staking protocols became the survivors of this incident.
The SEC has begun to crack down on crypto staking services, and Kraken has become the first target. The trading platform agreed to shut down its staking platform for US customers and pay $30 million to settle with the SEC. The news first appeared around 3 a.m. Beijing time today, and since then, Bitcoin, Ethereum, and many other crypto assets have begun to fall.

But not all tokens are victims. The SEC’s ban on centralized staking service providers is seen as a positive for decentralized staking protocols. Also starting around 3 a.m. today, tokens of some liquidity staking protocols began to rise, such as Lido ($LDO), Rocket Pool ($RPL), Frax ($FXS) and pSTAKE ($PSTAKE), and their price charts look quite similar.
$RPL is one of the best performing tokens today. Among TokenInsight’s Top 100 tokens, only $RPL has gained more than 10% in the past 24 hours.


