Coinbase’s (COIN) Brian Armstrong Cites ‘Rumors’ the SEC May Ban Retail Crypto Staking

Whereas Armstrong’s suspicions might come as a shock to many within the trade, SEC Chairman Gary Gensler has beforehand said that cryptocurrencies that enable staking could possibly be labeled as securities beneath the Howey take a look at – regardless that ether has been designated as a commodity by the SEC’s sister regulator, the Commodity Futures Buying and selling Fee (CFTC).