According to Coinbase, core staking services just don’t meet the criteria of the Howey test.
United States-based crypto exchange Coinbase decided to communicate proactively on the topic of crypto staking, which had recently gained regulators’ attention. In its petition to the Securities and Exchange Commission , the company explains why staking can’t be universally labeled as securities.by Coinbase on March 20. In an 18-page document, the firm focus on the securities law treatment of services related to the validation of proof-of-stake protocols.
There is also no common enterprise among stakers or between stakers and service providers. Users retain full authority over their assets, with the ability to unstake them, sell, hypothecate, vote, pledge or otherwise dispose of them independent of the service provider.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cryptocurrency Outlook Is Strengthened by U.S. Banking Turmoil: Coinbase.coinbase says the outlook for the cryptocurrency market has been reinforced to the upside following recent turmoil in the U.S. banking sector. By willcanny99
Read more »
Coinbase No Longer Supporting Signature Bank’s Signet Network: WSJ.Coinbase told clients on Monday it’s no longer supporting Signet, the real-time payments network of failed Signature Bank, according to the Wall Street Journal. By NelWang
Read more »
Coinbase pauses support for Signature Bank's Signet: ReportCoinbase users reportedly won’t be able to use Signature Bank's Signet payment platform to send funds outside of banking hours until further notice.
Read more »
Coinbase halts support for Signature Bank's digital payments platformCryptocurrency exchange Coinbase Global Inc said on Monday it has stopped support for Signature Bank's digital payments platform Signet, more than a week after U.S. regulators took control of the bank.
Read more »
Coinbase Looks At Separate, Overseas Crypto Trading Platform | CoinMarketCapThe reported site would be a way for Coinbase to hedge its bets against a coming onslaught of crypto regulation that could prove very unfriendly indeed.
Read more »
US Banking Turmoil Has Reinforced Crypto's Long-Term Outlook: CoinbaseThe U.S. banking crisis has made more people appreciate having crypto as an alternative, according to the Coinbase researcher.
Read more »