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CoinDesk
Crypto Would Survive an SEC Crackdown on Staking
On Wednesday Coinbase CEO Brian Armstrong went public with “rumors” about the U.S. Securities and Exchange Commission (SEC) working to “get rid of” retail-focused crypto staking offerings. If concerning, the scuttlebutt isn’t new: SEC Chair Gary Gensler took the moment of Ethereum’s historic “Merge” to a proof-of-stake system to call the yield-generating practice into question, much as he’s drawn a line around the entire token economy. Also, in August news broke the securities regulator was probing Coinbase specifically over its staking services.
