"The rumor that the SEC may ban staking services for retail investors has caused LDO to rise by over 10%."

ChainCatcher news, according to CoinDesk, following earlier comments by Coinbase CEO Brian Armstrong revealing rumors that the U.S. SEC may ban cryptocurrency staking services for retail investors, the governance token LDO of the liquid staking platform Lido surged in price.

Market data shows that LDO jumped about 11% immediately after Armstrong's comments and has increased approximately 8.4% in the past 24 hours. Additionally, according to data provided by DeFiLlama, Lido's TVL surged by 33% last month, currently standing at $8.56 billion. (Source link)