Coinbase Stands Firm: Staking Services Will Continue Despite SEC Scrutiny

Even with the Securities and Exchange Commission’s position on staking, Coinbase, the popular crypto exchange, has assured its customers of continuing the

Highlights

• The Securities and Exchange Commission recently stepped up its action against crypto firms, alleging that digital assets are securities.
• It also clamped down on the staking services of crypto exchange Kraken, as the firm didn’t register the program before offering it.
• Even with the SEC’s position on staking, the popular crypto exchange, Coinbase has assured its customers of continuing the service on its platform.
• A staker who received the email shared the information on Twitter.
• The exchange disclosed that it is updating its staking terms and conditions, and the changes will start on March 29.
• The staking rewards will come from the decentralized protocols and not from the exchange.

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