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SEC Could Scrap Staking; Hoskinson Calls ETH Staking Problematic

Published 02/09/2023, 03:53 AM
Updated 02/09/2023, 04:00 AM
© Reuters.  SEC Could Scrap Staking; Hoskinson Calls ETH Staking Problematic
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  • Coinbase (NASDAQ:COIN) 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 Armstong, 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.

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 improveme…

The post SEC Could Scrap Staking; Hoskinson Calls ETH Staking Problematic appeared first on Coin Edition.

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