Getting rid of crypto staking would be a ‘terrible path’ for the US — Coinbase CEO
cointelegraph.com/news/getting-rid-of-crypto-staking-would-be-a-terrible-path-for-the-us-coinbase-ceo
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Armstrong also lambasted the current lack of regulatory clarity in the U.S. and subsequent “regulation by enforcement” that he says is driving companies offshore, such as crypto exchange FTX.
According to Staking Rewards, the top four staked cryptocurrencies by market cap account for over $55 billion in staked assets, suggesting a country-wide ban would be a huge hit to the country’s crypto industry,
there is a strong argument that staking services provided by centralized exchanges like Coinbase constitute a security, drawing parallels between them and other “Earn” products.
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