- Brian Armstrong tweeted that Coinbase’s staking processes aren’t securities.
- The CEO of Coinbase quotes the blog post created by Paul Grewal.
- In the blog post, Grewal explains the reasons why Coinbase’s staking isn’t considered security.
Brian Armstrong, the American Business Executive, Co-Founder, and CEO of the leading crypto firm Coinbase, reiterated that “Coinbase’s staking services are not securities”, refuting SEC’s claim that staking services constitute securities.
On February 12, Armstrong tweeted that Coinbase would “happily defend” that the company’s staking cannot be considered as securities:
Source: https://coinedition.com/brian-armstrong-stresses-coinbases-staking-as-not-securities/