HOOD - Veteran Trader Peter Brandt Warns Of Impending Regulatory Crackdown On Crypto Staking: 'It's Going To Be A Bloodbath' | Benzinga
Veteran trader Peter Brandt has sparked a discussion within the cryptocurrency community with his recent remarks on X.
What Happened: On Thursday, Brandt predicted a severe regulatory crackdown on crypto staking, describing the future landscape as a “bloodbath.”
“If the crypto community is upset over the @SECGov treatment of , et al as securities, Prediction: Wait until the @USOCC @SECGov @USTreasury do a full assault attack over staking It’s going to be a bloodbath,” he wrote.
If the crypto community is upset over the @SECGov treatment of , et al as securities, — Peter Brandt (@PeterLBrandt) May 9, 2024
Prediction:
Wait until the @USOCC @SECGov @USTreasury do a full assault attack over staking
It's going to be a bloodbathhttps://t.co/CnXEusSAvG
Brandt’s comments reflect concerns over potential aggressive actions from not only the SEC but also the Office of the Comptroller of the Currency (OCC) and the U.S. Treasury.