The next big deal is the Ethereum Shanghai upgrade which will make it possible for the Ethereum developer validator to unstake their ETH and also all their staking rewards. It is no longer news that the Ethereum developers have chosen 12 of this month for the upgrade. Of course, the Shanghai upgrade could have an impact on the price of ETH but it is very crucial because it could have an impact on crypto regulation in the US and other countries. If you have forgotten that the SEC thinks that every crypto except BTC is security. The SEC chairman has sometimes said that PoS cryptos could be securities and make have to be regulated.
Even the Ethereum blockchain transition from PoW to PoS last but technically ETH is still a PoW asset and it will only change when ETH I staging is allowed. Although the former SEC director said that ETH was not a security, there are chances that the SEC's perspective on security will change after the Shanghai upgrade. We are seeing Lido finance which is a huge staker of ETH and some Ethereum protocols are being very careful. We are seeing Lido finance announcing they will be launching NFT which represents ETH's unstaking request. You should know that NFTs have not been experiencing the same level of scrutiny as other cryptocurrency categories. Not too long, the SEC signed off on a cryptocurrency project called Freeport which usually converts artwork into NFTs.
Lido finance's use of NFTs in the Ethan staking process could serve as a shield that will guide the protocol from regulatory scrutiny by SEC. The is a high chance that this could be the reason why Uniswap was not targeted by the SEC while they targeted Sushiswap even though both are decentralized exchanges. It is important to know that all liquidity positions on Uniswap V3 are NFTs. We make also start to see other liquid staking protocols that could begin to follow the footsteps of Uniswap to protect themselves from ten SEC. But I am not very sure that protection is 100% guaranteed because the SEC will always go after the one they do not like
