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

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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