Coinbase chief executive Brian Armstrong has raised concerns about the SEC’s stance on crypto staking.
On Feb. 9, Brian Armstrong cautioned that they were hearing rumors that the SEC would like to “get rid of crypto staking in the U.S. for retail customers.”
Armstrong highlighted some of the benefits of staking, adding that it brings many positive improvements to the industry. These include scalability, increased security, reduced carbon footprints, and enabling users to participate in running a crypto network. “When it comes to financial services and web3, it’s a matter of national security that these capabilities be built out in the U.S.”
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