{"id":17437,"date":"2023-02-09T10:42:56","date_gmt":"2023-02-09T10:42:56","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sec-could-scrap-crypto-staking-coinbase-ceo-reveals\/"},"modified":"2023-02-09T10:42:56","modified_gmt":"2023-02-09T10:42:56","slug":"sec-could-scrap-crypto-staking-coinbase-ceo-reveals","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sec-could-scrap-crypto-staking-coinbase-ceo-reveals\/","title":{"rendered":"SEC could scrap crypto staking, Coinbase CEO reveals"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675936011303-5efb64f5-5e7d-4caf-89f5-4d57e3687dcf-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675936011303-5efb64f5-5e7d-4caf-89f5-4d57e3687dcf-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675936011303-5efb64f5-5e7d-4caf-89f5-4d57e3687dcf-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1675936011303-5efb64f5-5e7d-4caf-89f5-4d57e3687dcf-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Coinbase CEO Brian Armstrong tweeted saying The SEC could ban crypto staking<\/li>\n<li>Armstrong however said that crypto staking is an essential innovation in crypto.<\/li>\n<li>The revelation was met with criticism from Charles Hoskinson who said Ethereum staking is problematic.<\/li>\n<\/ul>\n<p>The co-founder and CEO of <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase <\/a>Brian Armstrong earlier today tweeted revealed that he is hearing rumours that the SEC intends to \u201cget rid\u201d of crypto staking in the US for retail customers.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ We&#8217;re hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that&#8217;s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.<\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1623459203150131201?ref_src=twsrc%5Etfw\">February 8, 2023<\/a><\/p>\n<\/blockquote>\n<p>According to Armstrong, staking is an important innovation in the crypto space since it allows crypto users to participate directly in running decentralized blockchain networks. In his follow-up tweets, he said that crypto staking has brought many positive improvements in the crypto industry including increasing security and scalability and also helping in reducing carbon footprints.<\/p>\n<p>For those new to crypto staking, it is when users lock up their crypto assets for a certain amount of time to help support certain functions of a blockchain including governance and verifying transactions and get some staking rewards in return.<\/p>\n<h2>Armstrong\u2019s revelation met with scorn<\/h2>\n<p>While some hold the same views as Brian Armstrong, some responded with memes and derision. Charles Hoskinson, the founder of Input Output Global weighed in on the matter saying that \u201c<a href=\"https:\/\/coinjournal.net\/ethereum\/what-is-ethereum\/\">Ethereum <\/a>staking is problematic.\u201d<\/p>\n<p>Hoskinson argues that giving up assets temporarily to someone else in return for rewards resembles regulated products. He said:<\/p>\n<p><em>\u201cSlashing and bonds [are] not so good. Non-custodial liquid staking on the other hand is like the mining pools we\u2019ve used for 13 years\u2026 It\u2019s sad that all proof of stake protocols might get lumped together due to a fundamental misunderstanding about the actual facts of operation and design.\u201d<\/em><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/sec-could-scrap-crypto-staking-coinbase-ceo-reveals\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Coinbase CEO Brian Armstrong tweeted saying The SEC could ban crypto staking Armstrong however said that crypto staking is an essential innovation in crypto. The revelation was met with criticism from Charles Hoskinson who said Ethereum staking is problematic. The co-founder and CEO [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":17438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17437"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17437"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17438"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}