{"id":606358,"date":"2023-02-09T22:49:32","date_gmt":"2023-02-10T04:49:32","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/09\/sec-might-ban-crypto-staking-speculates-coinbase-ceo-impact-on-crypto-market\/"},"modified":"2023-02-09T22:49:32","modified_gmt":"2023-02-10T04:49:32","slug":"sec-might-ban-crypto-staking-speculates-coinbase-ceo-impact-on-crypto-market","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/09\/sec-might-ban-crypto-staking-speculates-coinbase-ceo-impact-on-crypto-market\/","title":{"rendered":"SEC Might Ban Crypto Staking, Speculates Coinbase CEO \u2013 Impact On Crypto Market ?"},"content":{"rendered":"<div id=\"tie-wrapper\">\n<header id=\"theme-header\"><\/header>\n<div role=\"main\" id=\"content\">\n<article id=\"the-post\" data-post-url=\"https:\/\/coinpedia.org\/news\/sec-might-ban-crypto-staking-speculates-coinbase-ceo-impact-on-crypto-market\/\" data-post-title=\"SEC Might Ban Crypto Staking, Speculates Coinbase CEO \u2013 Impact On Crypto Market ?\" data-post-edit=\"https:\/\/coinpedia.org\/wp-admin\/post.php?post=181132&#038;action=edit\" data-share-title=\"SEC%20Might%20Ban%20Crypto%20Staking%2C%20Speculates%20Coinbase%20CEO%20%E2%80%93%20Impact%20On%20Crypto%20Market%20%3F\" data-share-link=\"https:\/\/coinpedia.org\/news\/sec-might-ban-crypto-staking-speculates-coinbase-ceo-impact-on-crypto-market\/\" data-share-image=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09110640\/ARTICLE-IMAGES-23-1.png\">\n<div>\n<figure><img loading=\"lazy\" width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09110640\/ARTICLE-IMAGES-23-1-1200x628.png\" alt decoding=\"async\" data-main-img=\"1\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201200%20628'%3E%3C\/svg%3E\" data-lazy-srcset=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09110640\/ARTICLE-IMAGES-23-1-1200x628.png 1200w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09110640\/ARTICLE-IMAGES-23-1-300x158.png 300w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09110640\/ARTICLE-IMAGES-23-1-768x403.png 768w, https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09110640\/ARTICLE-IMAGES-23-1-150x79.png 150w\" data-lazy-src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09110640\/ARTICLE-IMAGES-23-1-1200x628.png\"><\/figure>\n<\/div>\n<div>\n<figure><audio controls src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/02\/09115307\/Project_SEC-staking-ban.mp3\"><\/audio><\/figure>\n<p>The relation between the US Securities and Exchange Commission (SEC) and the cryptocurrency industry has always been on a bumpy road. This is because the SEC has always bought one-at-a-time enforcement actions to regulate crypto instead of formal rulemaking. The SEC has gained major backlash with its current lawsuit in <a href=\"https:\/\/coinpedia.org\/ripple\/ripple-vs-sec-xrp-gets-another-head-up-can-the-bank-of-england-act-as-a-major-catalyst\/\" target=\"_blank\" rel=\"noreferrer noopener\">Ripple vs SEC<\/a> case.<\/p>\n<p>The latest news that has been making rounds in the crypto space is the SEC looking for ways to ban crypto staking for Retail users. Staking is nothing but locking a certain amount of cryptocurrencies and earning interest for the deposit.<\/p>\n<p>The same news was shared by Coinbase CEO Brian Armstrong who claimed that there are speculations of SEC banning Crypto staking. He then says that if the SEC bans staking, the crypto market will experience a major pull back.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/ We&#8217;re hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that&#8217;s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.<\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1623459203150131201?ref_src=twsrc%5Etfw\">February 8, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n<p>This rumor emerged following Gary Gensler\u2019s earlier statement which said that Cryptocurrencies that allow staking might be classified as securities under Howey test. On the other hand, Brian Armsrong believes that staking is an important innovation of crypto which allows users to participate directly in the crypto network.<\/p>\n<figure>\n<div>\n<blockquote data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">2\/ Staking is a really important innovation in crypto. It allows users to participate directly in running open crypto networks. Staking brings many positive improvements to the space, including scalability, increased security, and reduced carbon footprints.<\/p>\n<p>\u2014 Brian Armstrong (@brian_armstrong) <a href=\"https:\/\/twitter.com\/brian_armstrong\/status\/1623459237631528960?ref_src=twsrc%5Etfw\">February 8, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n<p>However, the SEC has denied to comment and also there isn\u2019t any official announcement made to clarify the rumors.<\/p>\n<p>Meanwhile, even <a href=\"https:\/\/coinpedia.org\/news\/ex-coinbase-exec-takes-on-sec-in-epic-battle-over-insider-trading-charges\/\" target=\"_blank\" rel=\"noreferrer noopener\">Coinbase is fighting<\/a> against the SEC in terms of staking. In August 2022, the Coinbase had claimed that the SEC issued notice for offering staking service. Furthermore, former Coinbase product manager, Ishan Wahi and his brother Nikhil Wahi have been accused of insider trading and allegedly purchasing nearly 25 cryptocurrencies before they got listed.<\/p>\n<\/div>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<h5> <span data-toggle=\"modal\" data-target=\"#myModal\">No<\/span> <span onclick=\"likeFunction()\">Yes<\/span><\/h5>\n<\/div>\n<div>\n<p><a href=\"https:\/\/coinpedia.org\/author\/elena\/\"> <img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" alt=\"Photo of Elena R\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2022\/07\/13135806\/4-300x300.jpg\" height=\"180\" width=\"180\"> <\/a><\/p>\n<div>\n<h3><a href=\"https:\/\/coinpedia.org\/author\/elena\/\">Elena R<\/a><\/h3>\n<p> Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing &#8211; accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><a id=\"go-to-top\" href=\"http:\/\/coinpedia.org\/#go-to-tie-body\"> <span><\/span> <span>Back to top button<\/span> <\/a><\/p>\n<\/div>\n<p><a href=\"https:\/\/coinpedia.org\/news\/sec-might-ban-crypto-staking-speculates-coinbase-ceo-impact-on-crypto-market\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Elena R<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The relation between the US Securities and Exchange Commission (SEC) and the cryptocurrency industry has always been on a bumpy road. This is because the SEC has always bought one-at-a-time enforcement actions to regulate crypto instead of formal rulemaking. The SEC has gained major backlash with its current lawsuit in Ripple vs SEC case.The latest<\/p>\n","protected":false},"author":1,"featured_media":606359,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22791,4177],"tags":[],"class_list":{"0":"post-606358","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-crypto","8":"category-might"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/606358","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=606358"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/606358\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/606359"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=606358"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=606358"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=606358"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}