The U.S. Securities and Exchange Commission (SEC) has announced it will be creating tighter regulation for crypto projects and, in particular, staking. This has already taken effect, with companies like Kraken having to pay huge fines. So what do tighter regulations mean for Algorand (ALGO), Orbeon Protocol (ORBN) and Zcash (ZEC)?
Greater SEC Restrictions Could Slow Algorand (ALGO) Growth
Algorand (ALGO) is a DeFi project designed to speed up the mass adoption of cryptocurrency. Algorand (ALGO) lets users make fast transactions for a low fee, which makes Algorand (ALGO) usable throughout daily transactions.
With more regulations to pass before going mainstream, greater SEC restrictions would slow down Algorand (ALGO) adoption. While this could be seen as a positive as it would enhance security for Algorand (ALGO), some DeFi users prefer the anonymous nature of cryptocurrency. As a result, Algorand (ALGO) users could choose other crypto alternatives, but holders will remain optimistic for Algorand (ALGO).
Tighter Policies Are Bad News For Zcash (ZEC)
Zcash (ZEC) is a fork in Bitcoin (BTC). First created in 2016, Zcash (ZEC) is designed around security and anonymity, two factors that the SEC will likely look to tackle in the future.
To achieve the highest security levels, Zcash (ZEC) uses its own hashing algorithm and security protocols. This enables more secure transactions, with Zcash (ZEC) users able to remain completely anonymous. In the future it’s possible that the SEC may try to impediment KYC policies throughout the market, which could cause issues regarding anonymous users.
As well as being used for anonymous transactions, Zcash (ZEC) is also popular amongst miners, who use dedicated computers to optimize yield. The SEC is yet to announce any stance on cryptocurrency mining, which means this area of Zcash (ZEC) should remain undisrupted for now. Nonetheless, it’s highly likely that Zcash (ZEC) will be impacted by SEC policies in the future.
Orbeon Protocol (ORBN) Remains Unaffected By SEC Policies
Orbeon Protocol (ORBN) is a multi-chain DeFi launchpad designed around disrupting the crowdfunding market. Using the Orbeon Launchpad, startups can raise development money by selling NFTs. This unique application prevents founders from relying on venture capitalists and banks, while enabling them to build a community of investors who believe in their mission.
Each NFT will represent a share in the startup, allowing investors to buy equity in new businesses for the first time. As some would consider startup investments risky, Orbeon Protocol (ORBN) has implemented several rug prevention features throughout its ecosystem to keep investors safe.
The Orbeon Protocol (ORBN) ecosystem will include a swap, exchange, decentralized wallet, metaverse and launchpad, all of which will use the Orbeon Protocol (ORBN) native token, ORBN. Investors will have the option to stake as part of Orbeon Protocol (ORBN), which could be impacted by SEC regulation. However, any other service on the platform shouldn’t be disrupted.
Investors are extremely confident in Orbeon Protocol (ORBN), which has already increased from $0.004 to $0.0766 and sold out during seven presale stages. With a number of lucrative rewards for Orbeon Protocol (ORBN) token holders, and price increases imminent, investors are buying Orbeon Protocol (ORBN) hoping to make huge returns over the next few months.
Find Out More About The Orbeon Protocol Presale