Coinbase Exec Warns of SEC’s Potential Plan to End Staking

Brian Armstrong – the man in charge of Coinbase, arguably the biggest and most popular digital currency exchange in the United States – has warned that the Securities and Exchange Commission (SEC) is likely to crack down on a process called staking, which could wind up hurting tokens such as ETH. Coinbase Says No Staking Could Be Devastating In a recent statement, Armstrong said that should the SEC decide against the practice of staking for retail investors, this could have profoundly negative outcomes for the crypto space. Staking refers to a process in which users lend out their tokens and