Crypto staking services in the United States are under threat. The Securities and Exchange Commission has made staking the latest enemy of traditional finance, but some companies intend to fight back.
On Feb. 13, Coinbase chief executive Brian Armstrong said that its staking services were not securities. “We will happily defend this in court if needed,” he added.
On Feb. 9, the SEC accused the Kraken exchange of kayıt dışı menkul kıymetler satmak through its staking-as-a-service product. Consequently, the firm was hit with a $30 million fine and ordered to shut down its staking services.
The move has rattled the crypto industry and companies that provide staking services in the U.S.
Source: https://beincrypto.com/coinbase-prepares-fight-sec-crypto-staking-crackdown/