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Coinbase CEO Armstrong Decries Rumors of Possible US SEC Ban on Crypto Staking

  • Armstrong flags rumors that SEC wants to ‘get rid of’ staking
  • Coinbase earlier disclosed agency’s probe into staking product
Brian Armstrong
Brian ArmstrongPhotographer: Bryan van der Beek/Bloomberg
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Coinbase Global Inc.’s head Brian Armstrong escalated his war of words with the US Securities and Exchange Commission, warning he’d heard rumors the agency wants to ‘get rid of’ crypto staking by retail investors.

“I hope that’s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen,” he tweeted on Wednesday, while arguing that the practice of staking is “a really important innovation.”