Rocket Pool (RPL) Spikes Almost 40% Amid SEC's Attack on Staking, Here's What's Behind It

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Rocket Pool (RPL) Spikes Almost 40% Amid SEC's Attack on Staking, Here's What's Behind It
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Ethereum $ETH liquid staking providers like Rocket Pool $RPL show strength, despite SEC's attack on staking rocketpool rpl lido ldo frax fraxfinance frax fxs ethereum staking eth $fxs $frax $ldo

has agreed to shut down its cryptocurrency staking services as part of a settlement with the Securities and Exchange Commission. The incident, which sparked discontent in the crypto community, for all its negativity, nevertheless proved to be a trigger for double-digit growth in a certain asset class.Ethereum LSD providers gain traction

Thus, one of the clear beneficiaries of the news is RPL, the token for Ethereum's decentralized staking platform . Since the 's intention to sanction all staking-as-service providers became known, the price of RPL rose 37.5% in a matter of hours. Reaching $52 per token, RPL's price action almost allowed the asset to renew its all-time high.

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