Brian Armstrong, the co-founder, and CEO of Coinbase (NASDAQ:COIN) Global Inc, the American-based publicly traded cryptocurrency exchange tweeted in response to the comment of the company’s Chief Legal Officer, Paul Grewal, on the former’s post on SEC’s settlement with Kraken.
Armstrong tweeted “well said”, referring to Grewal’s comment, claiming that “true on-chain staking services like ours are fundamentally different”:
Notably, the US Securities and Exchange Commission’s (SEC) alleged Kraken, the US-based crypto exchange for not registering “the offer and sale of their crypto-asset staking-as-a-service program”.
However, on February 10, the SEC declared that it has settled the case by Kraken ceasing the sale of “securities th…
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Source: Cryptocurrency - investing.com
