The SEC's inspection of Coinbase’s staking service may increase regulatory uncertainty, potentially reducing ETH staking rates by 5-10% over the next two weeks as users pause participation. Lido, with 32% of staked ETH, could see its LDO price drop 10-15% due to fears of broader scrutiny. The staking yield elasticity coefficient for LDO is estimated at 0.8, meaning a 1% decrease in staking yield (e.g., from 4% to 3%) could lead to a 0.8% LDO price decline. However, Lido’s liquid staking (stETH) offers flexibility, potentially mitigating outflows compared to centralized platforms like Coinbase. If ETH staking volumes stabilize, LDO’s price may recover, supported by its 90% reward distribution to stakers. Monitor SEC announcements and Coinbase’s response for clearer impacts.