- Brain Armstrong firmly opposed SEC on the rumor of banning crypto staking.
- Coinbase recently launched Ethereum staking, experts speculate aggressive crypto regulations ahead located in the USA.
Banning retail crypto staking in the United States would drive staking operators offshore and put this innovation out, Says Coinbase CEO Brian Armstrong.
The crypto space is always surrounded by ‘Possibilities’, possibilities of regulations or possibilities of the ban. This space has been through all of it. This time it has been disturbed by rumours of a ‘Possibility’ that the U.S Securities and Exchange Commission can ban cryptocurrency staking for retail customers.
An attorney and XRP holder representative, directed towards the possibility of tighter regulation of the crypto sphere. The expert alerted that the commission is waging an all-out war against the crypto industry, and the regulator’s head, Gary Gensler, is working hard on framing tighter regulations ahead. The White House released a roadmap on cryptocurrencies, the expert speculated that a final and most aggressive attempt to shut down the crypto sphere is about to take place.
It is important to note here that the market capitalization of the top four cryptocurrencies accounts for more than $55 billion. The nationwide ban is a major blow to the crypto industry in a country that has already witnessed huge migrations of crypto-related companies/investors.
How can investors benefit from staking?
Staking contributes to the security and efficiency of the blockchain projects it supports. By committing a portion of the funds, makes the blockchain more resilient to attacks and enhances its ability to process transactions.
Thus, a win-win for the investors and technology, both!
Read more about staking methods- What are the various staking methods in Crypto HODLING.
