{"id":20176,"date":"2023-02-11T00:41:53","date_gmt":"2023-02-11T08:41:53","guid":{"rendered":"https:\/\/coinnetworknews.com\/coinbases-staking-service-faces-questions-after-krakens-sec-settlement\/"},"modified":"2023-02-11T00:41:53","modified_gmt":"2023-02-11T08:41:53","slug":"coinbases-staking-service-faces-questions-after-krakens-sec-settlement","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/coinbases-staking-service-faces-questions-after-krakens-sec-settlement\/","title":{"rendered":"Coinbase\u2019s Staking Service Faces Questions After Kraken\u2019s SEC Settlement"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.coindesk.com\/resizer\/9pnk3tbXr7pHnLygko9dq1rEis4=\/800x600\/cloudfront-us-east-1.images.arcpublishing.com\/coindesk\/XFPDCV2CJNCQPIL6CJP5KSIU74.jpg\" \/><\/p>\n<div>\n<p>Coinbase Chief Legal Officer Paul Grewal <a href=\"https:\/\/twitter.com\/iampaulgrewal\/status\/1623795963885412356?s=12&amp;t=fhiOpbTNTEETh2Q8DeRlUA\">argued on Twitter on Thursday<\/a> that his exchange\u2019s staking business is \u201cfundamentally different\u201d from Kraken\u2019s, which he described as a \u201cyield product.\u201d And he reiterated this in a statement to CoinDesk on Friday, saying that &#8220;Coinbase&#8217;s staking program is not affected by [the Kraken] news. Staking on Coinbase continues to be available and staked assets continue to earn protocol rewards. What\u2019s clear from [the] announcement is that Kraken was essentially offering a yield product. Coinbase\u2019s staking services are fundamentally different and are not securities. For example, our customers\u2019 rewards depend on the rewards paid by the protocol, and commissions we disclose. Rules making clear these distinctions would provide real clarity to consumers, investors, and the industry.\u201d<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/www.coindesk.com\/business\/2023\/02\/10\/coinbases-staking-service-faces-questions-after-krakens-sec-settlement\/?utm_medium=referral&#038;utm_source=rss&#038;utm_campaign=headlines\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coinbase Chief Legal Officer Paul Grewal argued on Twitter on Thursday that his exchange\u2019s staking business is \u201cfundamentally different\u201d from Kraken\u2019s, which he described as a \u201cyield product.\u201d And he reiterated this in a statement to CoinDesk on Friday, saying that &#8220;Coinbase&#8217;s staking program is not affected by [the Kraken] news. Staking on Coinbase continues [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20177,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[523,573,2472,650,317,1308,2486,1312],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/20176"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=20176"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/20176\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/20177"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=20176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=20176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=20176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}