April 1, 2023

Coinbase CEO Brian Armstrong has issued a warning that the Securities and Exchange Commission (SEC) may soon crack down on staking, a process that could have a devastating impact on tokens such as ETH. Staking involves users lending out their tokens and locking them up for set periods, during which they earn interest on their assets. However, if the SEC decides against the practice of staking for retail investors, it could have profoundly negative outcomes for the crypto space. Validators must lock up at least 32 ether tokens to participate in staking, which currently amounts to…

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