Rumors that SEC will ban individual investors from staking ── Coinbase CEO tweets | coindesk JAPAN | Coindesk Japan

Coinbase CEO Brian Armstrong says he has heard rumors that the SEC wants to ban retail investors from staking crypto assets. .

“I think it would be terrible for America if that happened. I hope it doesn’t,” he tweeted on Feb. 8.

1/ We’re hearing rumors that the SEC would like to get rid of crypto staking in the US for retail customers. I hope that’s not the case as I believe it would be a terrible path for the US if that was allowed to happen.

—Brian Armstrong (@brian_armstrong) February 8, 2023

The SEC declined to comment.

Armstrong’s suspicions may come as a surprise to the industry, but SEC Chairman Gary Gensler has previously said that stakeable crypto assets could be classified as securities. Even though Ethereum (ETH) is designated as a commodity by the CFTC.

Cryptocurrency staking is sizable. According to staking service Staked, staked crypto assets will reach approximately $42 billion in the fourth quarter of 2022, with annual staking rewards of $3 billion. It is said that he climbed But the numbers aren’t just for individual investors.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
| Image: Brian Armstrong, CEO (CoinDesk)
｜ Original: Coinbase’s CEO Cites ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers