SEC Might Scrap Staking; Hoskinson Calls ETH Staking Problematic

• Coinbase (NASDAQ:) CEO Brian Armstrong reveals that there are rumors that the SEC intends to do away with crypto staking within the U.S. for retail clients.
• “Staking is a extremely necessary innovation in crypto,” says Armstrong.
• Charles Hoskinson, in response to Armstong, says that staking is problematic.

Earlier immediately, the co-founder and CEO of Coinbase Brian Armstrong divulged to his followers he has been listening to rumors that the SEC intends to do away with crypto staking within the U.S. for retail clients. “I hope that’s not the case as I consider it will be a horrible path for the U.S. if that was allowed to occur,” writes Armstrong in his newest Twitter publish.

1/ We’re listening to rumors that the SEC want to do away with crypto staking within the U.S. for retail clients. I hope that is not the case as I consider it will be a horrible path for the U.S. if that was allowed to occur.

— Brian Armstrong (@brian_armstrong) February 8, 2023

Staking, the tech entrepreneur explains, is a vital innovation in crypto. “It permits customers to take part straight in operating open crypto networks,” argues Armstrong, including that staking brings many constructive improveme…

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