34 Coinbase Stands Firm: No Shutdown of Staking and No Token Delisting Amid SEC Lawsuit In a resolute stance, Coinbase, the leading cryptocurrency exchange in the United States, asserts that the Securities and Exchange Commission’s (SEC) lawsuit will not impede its operations. CEO Brian Armstrong confirmed that the exchange will continue providing staking services, one of the focal points of the enforcement action.Coinbase’s staking program, which contributes 3% to the company’s net revenue, remains unaffected despite the SEC’s legal proceedings. Speaking at the Bloomberg Invest Conference, Armstrong emphasized that the staking service is meticulously designed to comply with regulatory standards. He reassured users, stating, “Even though this complaint came in from the SEC, it’s really business as usual today. We’re continuing to trade the assets that we have on our platform. We’re not going to wind down our staking service.”Further cementing their position, Coinbase’s Chief Legal Officer, Paul Grewal, confirmed that the exchange has no intentions of delisting any of the tokens mentioned in the SEC’s lawsuit. Grewal expressed confidence in the exchange’s initial analysis and stated that they are examining new information to determine if their previous assessments were incorrect. “We remain confident in our original analysis,” he affirmed.Despite the regulatory challenges posed by the SEC, Coinbase remains steadfast in its commitment to providing seamless services to its users. The exchange’s resolve to continue staking operations and retain tokens listed on its platform showcases its confidence in navigating the legal landscape. Stay tuned for more updates on this ongoing battle between Coinbase and the SEC. Read More CryptoNews: Notcoin Launching Day | Riding the FTM/USDT Bullish Wave | Sam Bankman-Fried Appeals 25-Year Prison Sentence#CoinbaseStrong #SECvsCoinbase
