Ethereum: exchanges run from stacking. Great crypto-news!

It's mostly exchanges that are fleeing from Ethereum betting. And no, they're not doing it of their own free will. What's going on?
The issue of Ethereum exiting stacking is one of the most interesting these days, if it were not for the fact that the collapse of prices in the market is getting all the attention.
However, this case deserves an in-depth analysis because what is happening allows us to understand certain dynamics that are happening mostly outside of the Ethereum world and outside of the blockchain world.
Questions that are mostly about politics - especially U.S. politics - and that allow us to understand how the impact of certain decisions and decisions without choice are almost immediately reflected in the world of decentralized finance.
What's going on? Withdrawals have not taken the catastrophic proportions everyone expected - and there are three centralized entities in line to withdraw portions of ETH given up for bid, thanks to a reflection of what Gary Gensler and the SEC did against Coinbase, Kraken and indirectly against Ethereum.

The big gift of decentralization

The crossover with Ethereum in Gary Gensler's new program goes straight through stealing, a procedure that the SEC head says could make Ethereum a security. Before going after Ethereum and its foundation, however, Gensler thought long and hard about attacking those most visible and at hand.
First came the turn of the $30 million fine on Kraken, then the indictment of Coinbase, again over Ethereum's betting problems. The result? A big flight, which we will also try to explain, to offer a reading of what's going on in Ethereum in terms of withdrawals from the staking itself.

Withdrawals are not excessive

Indeed, they have been lower than new deposits for several days. This means that there is no desire for a big raid, except for certain parties - the exchanges - who, at least in the U.S., will have to try to act differently.

75% of withdrawals come from 3 exchanges

3 out of 4 withdrawals by volume come from the triptych mentioned above: Kraken, Coinbase and Binance. Simply put, those asking for Ethereum withdrawals in stakes are decentralized exchanges that do so largely to avoid further proceedings from the SEC.
Kraken has made it clear: It will stop staking operations for U.S. (and Japanese) users and therefore withdraw what was deposited on behalf of customers as soon as possible.
Coinbase will probably follow a similar path as Binance. As for the latter two, users certainly fear being dragged into the war the SEC is waging with the cryptocurrency sector--without any restrictions.

In a nutshell, what will change for me as an investor?

Absolutely nothing, because the ethics that exchanges reclaim from betting transactions are going back through alternative and more decentralized mechanisms.
The only thing we can say about this dynamic, confirmed by analysis of the chain data, is that no one wants to move away from a mechanism that also offers almost constant and certain income, albeit in $ETH.
And this can only be seen as a good sign for those who invest, regardless of what happens in the markets: bitcoin is trying to hold on to the $28,000 mark, and Ethereum is losing, at least momentarily, the $2,000 mark.