The legal landscape in the US is fast approaching the Zero Barrier point where everything breaks.
Aside from various SEC activities and actions against some major players, as lot of legal activity is continuing.
I pulled up this article related to that, and the discussions would have gone off-topic in that AIP idea thread, so I created this topic for further discussion.
“Starting December 5, $APE holders had the option to pre-deposit funds in preparation for rewards accrual to begin on December 12. With that period now over, rewards for staked $APE are now live and accruing, and all ApeCoin or BAYC NFT holders can join in on staking. Unfortunately, due to regulatory concerns, ApeStake is not available to residents of the United States, Canada, North Korea, and more (see the full list here)”
The IRS also recently released guidelines for taxing staked tokens. I would assume that only appplies to tokens not deemed to be securities.
Then this happened today.
Also, most of the mainstream banks are now closing bank accounts that transact with crypto exchanges - without warning.