CoinDesk Podcast Network SEC Says Liquid Staking is Outside Securities Laws; Polymarket Bettors Turn Bearish on Bitcoin | COINDESK DAILY
Aug 6, 2025
The podcast dives into the SEC's recent decision clearing liquid staking from securities law disclosures, signaling a potential shift in regulatory attitudes towards DeFi. Market fears loom as predictions suggest Bitcoin may dip below $100K amid economic uncertainties. The conversation also highlights a novel token distribution approach with the Midnight Glacier Drop, aiming to promote diversity in blockchain participation. Additionally, insights into decentralized applications emphasize the importance of user control over personal data, amidst rising concerns over biometric data misuse.
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SEC Clears Liquid Staking
- The SEC clarified liquid staking participants don't need to worry about securities law disclosures.
- This signals a regulatory stance aiming to avoid suing compliant DeFi participants.
Traders Bet Bitcoin Dipping Below $100K
- Polymarket traders assign over 50% chance Bitcoin falls below $100K this year.
- This reflects growing market concern on US economic stagflation and potential Fed rate cuts.
China Flags Biometric Data Risks
- China's Ministry of State Security warned about foreign firms misusing biometric data.
- The warning references alleged misuse by a crypto project offering iris scan token rewards, raising national security concerns.