Coinbase’s CEO Cites ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers

While Armstrong’s suspicions may come as a surprise to many in the industry, SEC Chairman Gary Gensler has previously stated that cryptocurrencies that allow staking could be classified as securities under the Howey test – even though ether has been designated as a commodity by the SEC’s sister regulator, the Commodity Futures Trading Commission (CFTC).

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• Source: https://www.coindesk.com/business/2023/02/08/coinbases-ceo-cites-rumors-the-sec-may-ban-crypto-staking-for-retail-customers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines