Coinbase CEO Brian Armstrong says he’s heard rumors the U.S. Securities and Exchange Commission would like to ban retail investors from engaging in cryptocurrency staking, the income-generating technique at the core of running blockchains including Ethereum.
“I hope that’s not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen,” he tweeted Wednesday.
The SEC declined to comment.
UPDATE (Feb. 8, 2023, 23:25 UTC): Adds that the SEC declined to comment.
