SEC Could Scrap Staking; Hoskinson Calls ETH Staking Problematic

• Coinbase CEO Brian Armstrong reveals that there are rumors that the SEC intends to get rid of crypto staking in the U.S. for retail customers.
• “Staking is a really important innovation in crypto,” says Armstrong.
• Charles Hoskinson, in response to Armstrong, says that Ethereum staking is problematic.

Earlier today, the co-founder and CEO of Coinbase Brian Armstrong divulged to his followers he has been hearing rumors that the SEC intends to get rid of crypto staking in the U.S. for retail customers. “I hope that’s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen,” writes Armstrong in his latest Twitter post.

1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.

— Brian Armstrong (@brian_armstrong) February 8, 2023

Staking, the tech entrepreneur explains, is an important innovation in crypto. “It allows users to participate directly in running open crypto networks,” argues Armstrong, adding that staking brings many positive improvem…

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