A ban on staking could mean Coinbase would lose a source of high-margin revenue that looks poised to be a pillar of growth

Crypto

The CEO of Coinbase Global warned the Securities and Exchange Commission might be considering cracking down on a process called staking. Any potential move would be bad for the cryptocurrency broker’s business and likely hurt ether, the largest crypto after bitcoin.

Staking refers to a process that both underpins blockchain networks and offers investors a way to earn yield on their crypto holdings.

Coinbase boss warns SEC could crackdown on staking next

Jack Denton

Coinbase

Currencies

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