Ethereum transaction volumes see year-high amid SEC staking drama

Ethereum network transactions have reached their highest point this year, driven by updated SEC guidance on staking. As of now, over 36 million ETH has been staked, which is about 30% of the total supply, reflecting significant activity and commitment from users.

Despite the optimism surrounding Ethereum and DeFi, regulatory challenges remain. SEC Commissioner Caroline Crenshaw raised concerns over liquid staking’s classification. The industry eagerly awaits clearer regulations to navigate these uncertain waters.

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