Coinbase co-founder: Hope the rumor that "the SEC will cancel crypto staking services for retail customers" does not come true

ChainCatcher news, Coinbase co-founder Brian Armstrong tweeted, "Hearing rumors that the SEC wants to ban retail customers from staking cryptocurrencies in the U.S. I hope that's not the case, as I believe it would be a terrible path for America if allowed to happen."

Brian Armstrong stated that staking is a very important innovation in the crypto space. We need to ensure that we encourage new technologies to develop in the U.S., rather than stifling them due to a lack of clear rules. Enforcement regulation does not work; it encourages businesses to operate offshore, as was the case with FTX. (source link)