Coinbase CEO Doesn’t Believe ‘Rumors’ That SEC May Ban Small Investor Crypto Stake

Coinbase CEO Brian Armstrong said he heard rumors that the US Securities and Exchange Commission (SEC) wanted to ban retail investors from staking crypto, the monetization technique at its core. Various blockchains including Ethereum

“I hope that’s not the case. Because I believe it will be a bad path for the United States. Let it happen,” Armstrong tweeted Wednesday.

“Stake is a very important innovation in Crypto, allowing users to directly participate in the network. and brought many positive improvements to this area. including scalability, increased security, and a reduced carbon footprint,” Armstrong continued.

The CEO concluded that “Hopefully we can work together to publish clear rules for the industry. and come up with a reasonable solution. This will protect consumers while preserving innovation and national security interests in the United States.”

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