from SEC chair Gary Gensler about staking services, alongside similar action against Kraken.
The statement notes that"the ASC action does not prohibit Coinbase from offering staking as a service, so long as it complies with Alabama's laws."The situation echoes the $30 million settlement struck earlier this year between the SEC and crypto exchangeSimilarly, the SEC accused Kraken of offering unregistered securities. Kraken neither admitted nor denied the findings, but agreed to stop offering on-chain staking to U.S. customers.
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