@BennettTomlin @Brian_Armstrong
Warning: We got another Wells Notice. US SEC wants to bank staking for all users.
https://www.coindesk.com/business/2023/02/08/coinbases-ceo-cites-rumors-the-... [–]mishaogTin 254 points 5 hours ago They want to ban it for retail customers, basically they say you are too stupid and you shouldn’t be able to vote in the blockchain proposals and let alone earn interest permalink embed save report reply [–]TruthSeeekeerPlatinum | QC: CC 1034 124 points 4 hours ago* We are all too stupid to think for ourselves, unless you’re rich. Then you become magically intelligent. permalink embed save parent report reply [–]GabeSterPlatinum | QC: DOGE 2476, CC 909 | AvatarTrading 18 19 points 4 hours ago* Nothing like burning money that means absolutely nothing to you on terrible investments and not caring. permalink embed save parent report reply [–]JERMYNCTin | 6 months old 6 points 3 hours ago Fed is that You?! permalink embed save parent report reply [–]BoscoAlbertBaracusBronze 4 points 2 hours ago Moneyprinterbrrr.gif Sorry y’all too poor to post a gif here I guess. permalink embed save parent report reply load more comments (1 reply) [–]Vigilante17 2 points 2 hours ago That’s hot permalink embed save parent report reply [–]deathbyfish13Free Range Moon Farmer 2 points 2 hours ago I feel personally attacked permalink embed save parent report reply load more comments (1 reply) [–]bradd_pitGold | QC: XTZ 23 | ADA 12 5 points 3 hours ago One of the legal qualifications to be an acredited investor is just to be rich. So somehow yes permalink embed save parent report reply [–]mistressbitcoinPlatinum | QC: CC 241 | DayTrading 8 | Fin.Indep. 314 10 points 3 hours ago This is the truth... I try to raise money from "accredited investors" and can tell you with certainty that they are no smarter than everyone else. They can afford to lose $100k and still maintain their lifestyle though... which is what it is all about. Most want to gamble on a shitcoin, think the world is about to collapse, that we are on the verge of speaking with aliens, etc. just like everyone else in this subreddit. But the average person should never be excluded from taking calculated risk. permalink embed save parent report reply load more comments (1 reply) [–]Vigilante17 3 points 2 hours ago Then I’m still stupid permalink embed save parent report reply [–]hangingpawnsTin 4 points 3 hours ago You're* permalink embed save parent report reply [–]Outrageous_Guest_533 2 points 2 hours ago the wealthy are given more opportunities and privileges, while the rest of us are left to struggle. that's just the way the world works. permalink embed save parent report reply load more comments (1 reply) [–]evoxyseahPlatinum | QC: CC 206, BTC 22, LW 18 | ADA 19 2 points an hour ago So true… permalink embed save parent report reply load more comments (7 replies) [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 17 points 4 hours ago* Meanwhile they can’t even win against Ripple. permalink embed save parent report reply [–]Outrageous_Guest_533 5 points 2 hours ago It's crazy how Ripple has been able to withstand all the legal challenges thrown their way. Shows how strong they are and how much they believe in their product. permalink embed save parent report reply [–]jawniPlatinum | QC: CC 438, r/DeFi 18 | Investing 45 2 points an hour ago Shows how strong they are and how much they believe in their product. And/or how badly the government mismanages crypto regulation. permalink embed save parent report reply [–]Vast-Bodybuilder-700 2 points an hour ago Ripple is GOATed for that shit fr permalink embed save parent report reply [–]rawdfarva 37 points 4 hours ago They don't want you staking crypto because they want you to keep your money in the legacy banks permalink embed save parent report reply [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 12 points 3 hours ago They don’t want planktons to become whales. They want to ensure their mates got 99.99% of the cake. permalink embed save parent report reply load more comments (2 replies) load more comments (2 replies) [–]Bucksaway03Platinum | QC: CC 318 | CRO 5 6 points 4 hours ago They want to pretend like they are protecting the little guy. All they end up doing is fuck them over permalink embed save parent report reply load more comments (1 reply) [–]RdawgieBronze | Politics 13 2 points 4 hours ago This is it. We aren't responsible for risk because we aren't rich, aka "accredited investors ". permalink embed save parent report reply load more comments (12 replies) [–]CharlieTheo-14Tin | CC critic 333 points 5 hours ago SEC can suck it. permalink embed save report reply [–]LaPietrah 67 points 5 hours ago All my homies hate SEC permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 19 points 4 hours ago SEC climbing to top of my dumb clowns I hate list permalink embed save parent report reply load more comments (2 replies) load more comments (3 replies) [–]Wabi-SabibitchAnd btw you look fantastic in your boots of Chinese Plastic 34 points 4 hours ago Buy Monero , convert it and stake the coin you want. Give zero fucks. permalink embed save parent report reply [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 15 points 4 hours ago This is the way, go Monero, the superb privacy coin. permalink embed save parent report reply [–]fireduckPlatinum | QC: ETH 50, BCH 35 | r/Prog. 18 9 points 3 hours ago I've actually been looking at it pretty closely recently and have been impressed. permalink embed save parent report reply [–]WomecSilver | QC: CC 250, BTC 60, CM 16 | r/SSB 37 | Politics 136 9 points 3 hours ago Its what people thought Bitcoin was during Silkroad times. permalink embed save parent report reply [–]Nata_the_catTin 3 points 3 hours ago How can you buy it? permalink embed save parent report reply [–]fireduckPlatinum | QC: ETH 50, BCH 35 | r/Prog. 18 2 points 3 hours ago I've only mined a little so far. I was planning on using changenow to shift some of my BCH but haven't yet. I like to take my time and not fuck up. General consensus is changenow is legit but what the fuck do I know. permalink embed save parent report reply load more comments (1 reply) load more comments (1 reply) [–]Outrageous_Guest_533 2 points 2 hours ago That's the spirit. I like the idea of taking control of your investments and not letting anyone else dictate what you do with your money. permalink embed save parent report reply load more comments (3 replies) [–]futurevandross1Tin | CC critic | NVIDIA 10 81 points 5 hours ago Hopefully Ripple wins the case and this Harry Potter goblin looking boomer shuts up for a while. permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 14 points 5 hours ago We should Avada Kedavra his dyno ass back to Jurassic where he belongs permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 22 points 4 hours ago "Use the Force, Harry" - Gandalf permalink embed save parent report reply load more comments (3 replies) [–]BushwickNormie 2 points 4 hours ago
harry potter goblin looking
what do you really mean though permalink embed save parent report reply load more comments (4 replies) [–]genjitenjiSilver | QC: CC 320 | NANO 91 6 points 5 hours ago Seck it permalink embed save parent report reply load more comments (2 replies) [–]the_niblerTin | r/WSB 53 4 points 5 hours ago D’s permalink embed save parent report reply [–]daKiddo 3 points 4 hours ago 🥜s permalink embed save parent report reply load more comments (1 reply) [–]TopAlert2383Platinum | QC: CC 55 | AvatarTrading 10 2 points 5 hours ago Then take it. permalink embed save parent report reply [–]DREAMINDIVERX 2 points 4 hours ago They should go back where they came from. permalink embed save parent report reply load more comments (1 reply) load more comments (10 replies) [–]TheSausageKingTin | Investing 11 114 points 4 hours ago Lottery tickets ✅ Casinos ✅ Sports betting ✅ Crypto ❌ - Sorry, Gary says it's too dangerous for you. permalink embed save report reply [–]BlacknesiumBronze | QC: CC 18 18 points 2 hours ago And you can get shit faced in the bar every night. permalink embed save parent report reply [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 3 points 2 hours ago They were like “Uhm crypto is a subset of casino, but let’s be double standard and ban it” permalink embed save parent report reply [+]USA_RedWhiteBlue1776 4 points an hour ago (0 children) load more comments (3 replies) [–]futurevandross1Tin | CC critic | NVIDIA 10 139 points 5 hours ago* "He was responding to what he said were rumors that the SEC wanted to "get rid of crypto staking in the U.S. for retail customers." What the hell is the SEC even doing? Get rid of staking??? That is peak blasphemy and I just hope they wont shape the future of crypto because if so then we're fucked. permalink embed save report reply [–]DrinkMoreCodeMoreSilver | QC: CC 347, GPUmining 29, ETH 16 | ADA 42 | Hacking 143 55 points 5 hours ago It would be like a country trying to ban encryption. It's just math. Impossible feat for them to do let alone enforce. permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 20 points 5 hours ago Math and algos are bad if we cant control it and take our cut along the way The more I comment on this the angier I get permalink embed save parent report reply [–]JERMYNCTin | 6 months old 4 points 4 hours ago Regulation is to protect us, not prevent us from moving forward. So dumb. Between IRS and SEC, Crypto is emolying a lot of people. permalink embed save parent report reply [–]Odysseus_LannisterPlatinum | QC: CC 1491 3 points 2 hours ago How is making staking inaccessible protecting anyone? permalink embed save parent report reply [–]JERMYNCTin | 6 months old 5 points 2 hours ago I wasnt very clear. Sorry. I was saying they (SEC) is supposed to protect us. THEY THINK THEY ARE, but IMO, they are preventing technological progress. Over regulation permalink embed save parent report reply load more comments (1 reply) [–]Hawke64Platinum | QC: CC 199 10 points 4 hours ago "SEC wants to get rid of math in the U.S for retail customers" permalink embed save parent report reply load more comments (2 replies) load more comments (8 replies) [–]edmundedgarSilver | QC: ETH 501, BCH 45 | Buttcoin 193 | TraderSubs 18 23 points 4 hours ago It probably means an enforcement action against centralized staking like Coinbase are doing. These arrangements go: You send me money I pool it with other people's I work to get a return on it You and the rest of the people in the pool get the return, minus my cut Saying these things are securities isn't particularly a stretch. permalink embed save parent report reply [–]Odysseus_LannisterPlatinum | QC: CC 1491 10 points 4 hours ago* That is what staking essentially is, but people don’t have to do this through an exchange. Doing it from a native wallet or decentralized pool accomplishes the same goal and #1 & 3 of the howey test fall apart because you still have ownership of your asset and can withdraw at anytime and the person running the node doesn’t rely on your specific contribution to “do work” as they’ll still mine blocks without you. permalink embed save parent report reply [–]Outrageous_Guest_533 3 points 2 hours ago it's not like the decentralized staking can be regulated, it's all about the user having full control of their assets. So, it will be interesting to see how the SEC is going to enforce their regulations in this case, as it's not a straightforward matter. permalink embed save parent report reply load more comments (4 replies) [–]MaximumSandwich5Platinum | QC: CC 241, LTC 100 | TraderSubs 100 11 points 4 hours ago Do we know if it's only staking on centralized exchanges? Or is it also staking on the network? Can't see how you could ban the latter without banning the cryptocurrency itself. If it's only staking on centralized entities, can't believe I'm saying this, but I can see where the SEC is coming from. Blockfi, Celsius, Genesis, etc. Centralized crypto staking gone very wrong. permalink embed save parent report reply [–]Anaeta 8 points 3 hours ago Those were lending platforms, not staking. permalink embed save parent report reply load more comments (2 replies) load more comments (2 replies) [–]80worf80Platinum | QC: CC 473 5 points 4 hours ago Accredited investors only. This is what regulation looks like. Do you meet the criteria? https://www.sec.gov/education/capitalraising/building-blocks/accredited-inve... permalink embed save parent report reply load more comments (2 replies) load more comments (9 replies) [–]DrPechankoSilver | QC: CC 389 | SHIB 33 12 points 5 hours ago The XRP case was actually erased from the SECs website the other day. It is no longer listed under open litigation cases or the 2023 cases. It was there up until a few weeks ago. Whatever that means. https://www.sec.gov/litigation/litreleases.htm permalink embed save report reply [+]TubbyMurse 2 points an hour ago (0 children) load more comments (1 reply) [–]DREAMINDIVERX 11 points 4 hours ago SEC office permalink embed save report reply [–]Da_Notorious_HAMTin | CC critic 3 points 4 hours ago Who are you kidding? Everything pen and paper. No traceable records for shady deals! permalink embed save parent report reply [–]TvmouthSilver | QC: CC 66, BTC 43 | TRX 73 | Technology 20 20 points 5 hours ago Only if they ban interest on savings at every bank too. That's fair. Mountain of a mole hill, but fair is fair. permalink embed save report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 6 points 4 hours ago Oh no, but thats okay because it's their system and crypto is a thorn in their eyes permalink embed save parent report reply [–]SenditwithethanBronze | LRC 5 3 points 4 hours ago That 2 cents a year is more of a middle finger to us than "profit" permalink embed save parent report reply load more comments (1 reply) [–]LaPietrah 32 points 5 hours ago Another reason why to hate SEC permalink embed save report reply load more comments (8 replies) [–]ReasonableHat600Potato 98 points 5 hours ago They can’t even win against XRP. The infinity case. permalink embed save report reply [–]TruthSeeekeerPlatinum | QC: CC 1034 58 points 5 hours ago If you love watching the SEC struggle against XRP, you’ll love watching the SEC struggle against staking! permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 36 points 5 hours ago First they came for the XRP, and I did not speak out—because I was not a holding XRP. Then they came for the staking, and I did not speak out—because I was not staking any coins. Then they came for Moons—and there was no one left to speak for us. permalink embed save parent report reply [–]TruthSeeekeerPlatinum | QC: CC 1034 11 points 5 hours ago Defend staking at all costs! permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 3 points 4 hours ago* If staking is wrong, then I don't want to be right! permalink embed save parent report reply load more comments (1 reply) load more comments (7 replies) [–]Bucksaway03Platinum | QC: CC 318 | CRO 5 2 points 4 hours ago I've got my pitchfork ready to go meeleen You lead the charge! permalink embed save parent report reply load more comments (2 replies) [–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 4 points 5 hours ago Yeah you’re right but these power tripping fools won’t stop permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 2 points 4 hours ago We should sic SEC on something else like crypto influencers or Craig Wright permalink embed save parent report reply [–]erizi0nBronze 3 points 4 hours ago They might not stop too soon, but they won’t win anyways, lol wanting to ban staking is really such a lol, these guys don’t even know how all this shit even works lol… permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 4 points 4 hours ago They want control, its exactly what crypto is created to stand against, and these clowns will learn that crypto is inevitable and new time is coming permalink embed save parent report reply load more comments (1 reply) load more comments (4 replies) [–]CryptoNerdSmackerTin | CC critic | CelsiusNet. 8 23 points 5 hours ago All jokes aside, people in this sub are ignoring the elephant in the room and that is the SEC gearing up to absolutely fuck ETH in the ass. They’ve got egg on their face with this whole Hinman’s Emails debacle and they may try to save face by denying Ripple the concessions they want and renegging on Hinman’s statements about ETH being a commodity. It may be that this litigation provides a very thin and specific vague statement about XRP not being a security and that’s it. No cover down for the rest of the space. permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 5 points 4 hours ago Doesn't it fuck up all smart contracts cryptocurrencies? permalink embed save parent report reply [–]hyrootpharmsBronze 2 points 4 hours ago No. Just any that require staking. Plenty of proof of work chains use smart contracts. Even btc. permalink embed save parent report reply [–]former-bishopTin 2 points 3 hours ago Exactly. So many people have not paid attention to the risk ETH has due to SEC exposure. Sure, the SEC has no authority outside the US but look what happened to XRP globally. permalink embed save parent report reply load more comments (9 replies) [–]DukeThomBronze 4 points 5 hours ago If you want a cool documentary to watch, check out infinity on Netflix - goes deep into the concept of infinity. Pretty cool stuff permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 3 points 5 hours ago Also Shiny_Flakes: The Teenage Drug Lord on Netflix on a teenager who sold drugs for bitcoin out of their parents bedroom all across the world, wild stuff permalink embed save parent report reply load more comments (2 replies) [–]KappatalizablePlatinum | QC: CC 846 4 points 5 hours ago Maybe thats why theyre moving on to another case. They know the XRP one wont end permalink embed save parent report reply [–]coinsRus-2021Silver | QC: CC 52 | ADA 222 | TraderSubs 11 1 point 5 hours ago The SEC’s plan is to just keep hitting crypto until something cracks the armor permalink embed save parent report reply [–]ablablababla 4 points 5 hours ago Feel like that plan won't really lead anywhere permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 4 points 5 hours ago Two things are infinite, XRP case and SEC's stupidity permalink embed save parent report reply load more comments (2 replies) load more comments (4 replies) [–]homrqtTo The Moon! 42 points 5 hours ago The government is not your friend. permalink embed save report reply [–]futurevandross1Tin | CC critic | NVIDIA 10 21 points 5 hours ago Goverments: "Hey our banks won't accept money u made from crypto but we want you to pay 30% to IRS mkay?" That's how it goes where i live. permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 3 points 4 hours ago Silly IRS, all I've got is some funny internet monopoly money, no need to pay taxes on those. permalink embed save parent report reply [–]Outrageous_Guest_533 2 points 1 hour ago they're trying to have their cake and eat it too. It's really unfair that they can't even recognize the legitimacy of crypto and its potential as a source of income. The government should be working towards embracing and regulating crypto, not trying to stifle it. permalink embed save parent report reply [–]04_STIBronze | TraderSubs 16 5 points 4 hours ago Just like HR permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 5 points 4 hours ago We live in a society Bottom text permalink embed save parent report reply load more comments (4 replies) [–]Bucksaway03Platinum | QC: CC 318 | CRO 5 49 points 5 hours ago The SEC wants to ban lots of things they can't control. permalink embed save report reply [–]liveaskingsPlatinum | QC: CC 92 | LRC 13 9 points 5 hours ago If they can't control the money and get a piece of the pie, they won't stop permalink embed save parent report reply [–]Consistent_Many_1858Platinum | QC: ETH 26 | MiningSubs 27 4 points 5 hours ago They want their 20% for free. permalink embed save parent report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 2 points 5 hours ago They want it and they are becoming desperate permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 2 points 4 hours ago Mob boss always gets his cut permalink embed save parent report reply load more comments (1 reply) [–]PoorCryptoInvestor 3 points 5 hours ago They will end up banning themselves! permalink embed save parent report reply [–]TurkeyBaconALGOcadoPlatinum | QC: ALGO 26 | GMEJungle 7 | Superstonk 27 3 points 4 hours ago And yet things like PFOF (payment for order flow) and NYSE dark pools are totally legit. It's almost as if, just maybe, the SEC exists to protect the haves, and gatekeep the have-nots... 🤔 permalink embed save parent report reply [–]Onyourknees__Bronze 2 points 4 hours ago One of the perks of a crony capitalist society. Unfortunately this precedent for govt agencies goes far beyond the SEC. permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 2 points 4 hours ago Bannings with continue until morale improves permalink embed save parent report reply load more comments (2 replies) [–]DrakharDTin | ADA 32 | SysAdmin 17 12 points 5 hours ago My opinion it will come down to self custody of the assets. I think it will be hard for SEC to argue against staking on blockchains where users keep self custody of the assets (assets never leave your wallet or go into smart contract). Blockchains where you have to give self custody away to stake will be easier targets in my opinion. permalink embed save report reply [–]GabeSterPlatinum | QC: DOGE 2476, CC 909 | AvatarTrading 18 4 points 4 hours ago They can also target exchanges and force them not to allow users to stake through them. Good luck stopping self staking though. permalink embed save parent report reply load more comments (1 reply) load more comments (1 reply) [–]coffee_is_funSilver | QC: CC 54, ICN 48 | NEO 118 7 points 5 hours ago So you'd have to be an accredited investor to legally stake anything. Sounds pretty par for course where America's concerned. permalink embed save report reply load more comments (1 reply) [–]SBFs-Nutsack 3 points 5 hours ago Do it! Do your worst or also DONT do it! if you have the guts, coward. permalink embed save report reply load more comments (1 reply) [–]R0B0C0P33Platinum | QC: CC 454 3 points 5 hours ago "I heard a rumor" permalink embed save report reply [–]selphfourgivenessSilver | QC: CC 223, BTC 28 | r/CMS 26 | Superstonk 24 3 points 3 hours ago Umbrella Academy has entered the chat permalink embed save parent report reply [–]MajorTiltage 3 points 5 hours ago Boo permalink embed save report reply [–]DeC3x0 3 points 5 hours ago “The SEC won’t let me be or let me be me so let me see” permalink embed save report reply [–]DAMG808Tin | CC critic | AvatarTrading 19 2 points 3 hours ago ...Gary tries to shut me down with the S-E-C but it feels so empty, without me" permalink embed save parent report reply [–]illustradamas 3 points 4 hours ago Ridiculous if true. permalink embed save report reply [–]bootstr8Platinum | QC: CC 276, ARK 23 | NEO 24 9 points 5 hours ago* This is shit but are we really be surprised? All they do is shit on us. Time to start shitting back. Go defi and tell them to get fucked. permalink embed save report reply load more comments (1 reply) [–]holonz_Bronze 11 points 5 hours ago First they cried about mining, now they're worried about staking. Bunch of ignorant morons in power. permalink embed save report reply [–]Thunder_WaspSilver | QC: CC 36 | CRO 185 | ExchSubs 186 3 points 4 hours ago True they wanted to ban mining for environmental reasons, but now they want to ban staking which has no environmental impact. It’s almost as if the SEC is in the pockets of the corrupt too-big-to-fail corporate banking oligopoly. permalink embed save parent report reply [–]holonz_Bronze 2 points 4 hours ago Exactly. It's a joke. permalink embed save parent report reply load more comments (2 replies) [–]StonedRexPlatinum | QC: CC 181 5 points 5 hours ago Fuck SEC permalink embed save report reply [–]CommunityQuirky6073 7 points 5 hours ago ah yes the USA, at the forefront of encouraging innovation and tech btw. permalink embed save report reply [–]ShaneKeizer80sTin 19 points 5 hours ago Beauty of crypto is that the SEC nor any other institution like it, has a say on what crypto does. permalink embed save report reply [–]TruthSeeekeerPlatinum | QC: CC 1034 11 points 5 hours ago Unfortunately it has a direct effect on price, and this pushes a lot of people away from the industry. permalink embed save parent report reply [–]Hawke64Platinum | QC: CC 199 2 points 4 hours ago I thought we were in crypto for the tech? permalink embed save parent report reply load more comments (1 reply) [–]Proud_Reserve3029Platinum | QC: ETH 25, CC 24 | MiningSubs 35 3 points 5 hours ago But aws and other cloud providers does if sec bans all crypto staking nodes be a killer to a lot of projects permalink embed save parent report reply [–]futurevandross1Tin | CC critic | NVIDIA 10 4 points 5 hours ago Sadly they can wreck my portfolio. permalink embed save parent report reply [–]BrewerfanBKTin | 5 months old 23 points 5 hours ago They want retail out of crypto so the institutions and accredited investors can only invest in crypto. permalink embed save report reply [–]TruthSeeekeerPlatinum | QC: CC 1034 11 points 4 hours ago Have to look out for their buddies somehow permalink embed save parent report reply [–]milonuttigrainPlatinum | QC: CC 1719 | Pers.Fin.NZ 17 3 points 3 hours ago Yeah those political donations permalink embed save parent report reply load more comments (4 replies) [–]Infamous_Barnacle_17Tin | TRX 7 | AvatarTrading 10 10 points 5 hours ago How many people would rather leave the US and continue their crypto journey elsewhere? permalink embed save report reply [–]futurevandross1Tin | CC critic | NVIDIA 10 3 points 5 hours ago If I make enough money to live comfortably somewhere else I probably will. permalink embed save parent report reply load more comments (1 reply) [–]BlazeDemBeatzPlatinum | QC: CC 319 | Pers.Fin. 20 10 points 5 hours ago I’d love to leave the US and not just because of crypto. permalink embed save parent report reply [–]wizardstrikes2Platinum | QC: ETH 43, Coinbase 23 | MiningSubs 73 4 points 4 hours ago Until we leave the earth and start populating the moon, mars, and beyond, Your only choices on earth are shitholes run by shitbags. permalink embed save parent report reply [–]alander4Platinum | QC: CC 259 | r/WSB 16 3 points 4 hours ago Too bad we can’t start our own country… permalink embed save parent report reply load more comments (2 replies) [–]Hawke64Platinum | QC: CC 199 2 points 4 hours ago I wouldn't mind swapping places. You can do whatever you want in my 5th world hellhole. permalink embed save parent report reply load more comments (1 reply) load more comments (1 reply) [–]Odysseus_LannisterPlatinum | QC: CC 1491 9 points 5 hours ago Fuck outta here. This doesn’t concern the SEC if if I place my coins as part of a pool to mine a block of cryptocurrency. It’s decentralized as anyone can participate anywhere in the world and it’s a reward to get coins back for securing the network. It’s not dividends permalink embed save report reply [–]meeleen223Moons = Magic Internet Money Vol. 2 2 points 5 hours ago Damn SEC, it's all about control, very thing crypto was made to stand against permalink embed save parent report reply [–]gingeropolousPlatinum | QC: XMR 515 | MiningSubs 20 5 points 5 hours ago Then you would be fine staking without getting rewards? permalink embed save parent report reply load more comments (2 replies) [–]PoorCryptoInvestor 5 points 5 hours ago SEC stands for Suck Everybody's Cock! For legal reasons we are talking about roosters here permalink embed save report reply [–]Consistent_Many_1858Platinum | QC: ETH 26 | MiningSubs 27 2 points 5 hours ago SEC sucks. permalink embed save report reply [–]sportsfan113 2 points 5 hours ago I imagine he means third party staking though exchanges as you can’t really ban staking. The SEC seems to do the wrong thing at every turn though, this is a dumb thing to try and ban. permalink embed save report reply [–]roarroar6767Bronze 2 points 5 hours ago Happy cake day OP permalink embed save report reply [–]nousemercenarySilver | QC: CC 100 | EOS 155 | r/WSB 35[S,🍰] 2 points 4 hours ago Thank you! permalink embed save parent report reply [–]slasula 2 points 5 hours ago Gary got issues permalink embed save report reply [–]DurbanDawgTin 2 points 5 hours ago Sec wants their piece. permalink embed save report reply [–]kaijengTin | CC critic 2 points 5 hours ago They can't permalink embed save report reply [–]PhilosopherDear4176Tin 2 points 4 hours ago Of course anyway for the regular man to earn an additional living is against their rules. Way to much government involvement. permalink embed save report reply [–]KyuckaynebraynTin | PoliticalHumor 194 2 points 4 hours ago Maybe just start with banning the CEX from wrapping their reserved eth into their proprietary coins so that they can remain liquid and cannot rug pull their own reserves on their own investors. Would be comprehensively better than banning staking. Then ban fractional reserve banking while you’re at it permalink embed save report reply [–]mfaust19Tin 2 points 4 hours ago the SEC should ban low yield savings accounts permalink embed save report reply [–]joekercomBronze | CelsiusNet. 19 | TraderSubs 13 2 points 4 hours ago Just more proof that government regulation is not the answer permalink embed save report reply [–]StamInBlackTin 2 points 4 hours ago Is the SEC going to ban savings accounts, too? Those are fiat staking mechanisms. permalink embed save report reply [–]anonymous1325Bronze | QC: CC 21 2 points 4 hours ago That is the beauty of DeFi. You can ban it all you want 🤣 permalink embed save report reply [–]DREAMINDIVERX 2 points 4 hours ago permalink embed save report reply load more comments (1 reply) [–]hicoBMTin | CC critic 2 points 4 hours ago God damn it!!! The SEC is soooo satanic! permalink embed save report reply [–]DREAMINDIVERX 2 points 4 hours ago They underestimate us once again.. permalink embed save report reply [–]CryptoScamee42069Bronze | QC: CC 22 2 points 4 hours ago I heard a rumour the SEC are dickheards permalink embed save report reply [–]Da_Notorious_HAMTin | CC critic 2 points 4 hours ago It was confirmed permalink embed save parent report reply [–]TheCassiniProjektBronze | TraderSubs 15 2 points 4 hours ago How do you ban decentralized staking? permalink embed save report reply load more comments (1 reply) [–]Wowfan121231Open your Vault 2 points 4 hours ago Coinbase CEO says something so he can buy in cheaper before the bullrun Hot news permalink embed save report reply [–]WubbywubPlatinum | QC: CC 96 | ADA 7 2 points 4 hours ago so we launch a fully proof of stake coin call it $SEC and everyone stakes it only without any other utility permalink embed save report reply [–]Wabi-SabibitchAnd btw you look fantastic in your boots of Chinese Plastic 2 points 4 hours ago A technology is created so there is no central authority but the central authority wants to ban it , except for the part where they can tax it. Fuck SEC permalink embed save report reply [–]Repulsive_Music7242Tin 2 points 4 hours ago Source: Trust me bro permalink embed save report reply [–]skyvinaTin | CC critic 2 points 4 hours ago SUCK ELON'S CLOCK permalink embed save report reply [–]Obatronics1 - 2 years account age. 100 - 200 comment karma. 2 points 4 hours ago I wonder what will happen to all the people staking eth2 on coinbase?? permalink embed save report reply [–]EngineeringFinal3419Tin | CC critic 2 points 4 hours ago This is true, attorneys also fear staking could be in the spotlight as well permalink embed save report reply [–]JangusCarlsonTin | 2 months old | Politics 10 2 points 4 hours ago They can ‘stake’ my balls in their mouth. permalink embed save report reply [–]hyrootpharmsBronze 2 points 4 hours ago Ouch that would hurt. A stake right through your balls. permalink embed save parent report reply [–]ussichan3 - 4 years account age. 50 - 100 comment karma. 2 points 4 hours ago SEC want to suck our soul dry damn permalink embed save report reply [–]the_far_yardStack a Sat, Stash a Gwei, Bull or Bear, D-C-A. 2 points 4 hours ago In some ways, this is gonna push people to park their coins back into their cold wallet, and reinvest it in a more traditional form of investment. Staking with extra steps. permalink embed save report reply [–]Spicoli007 2 points 4 hours ago Let's hope it is just a rumor. permalink embed save report reply [–]scientifichistorianPlatinum | QC: CC 52 | SHIB 6 2 points 4 hours ago Passive income for the poors and normies? BAN. permalink embed save report reply [–]RaydiinTin 2 points an hour ago Trying to get ahead in life? BAN. Stay poor you plebs kind regards the SEC permalink embed save parent report reply [–]MEISENSTEINPlatinum | QC: CC 21 2 points 4 hours ago Banks offer less than 1% interest. Market pursues alternatives. Alternatives better. Government aims to ban alternatives because….greedy bastards. permalink embed save report reply [+]VerticalFoil 2 points 4 hours ago (0 children) [–]automatedcharterer 2 points 4 hours ago SEC cant even ban counterfeiting of shares. They even publish the lists of shares bought and sold but not yet delivered twice a month. imaging if NHTSA published how many trucks were sold but not yet manufactured nor were ever going to be delivered. Just business right? Plus SEC doesnt ban anything. They just litigate stuff that they might win that does not disrupt the rich people from stealing from everyone. Even then thy just fine them a pittance for thier trouble. Oh steal 40 billion dollars? that's a find of $20,000. permalink embed save report reply [–]240NordeyBronze 2 points 4 hours ago Lol. Ban stock dividends while you're at it, then. permalink embed save report reply [–]war3rdTin | r/Politics 42 2 points 4 hours ago Retired hedge fund manager here. The SEC wants to ban anything that doesn't help the 1%. permalink embed save report reply [–]yeeattyBronze | QC: CC 16 | LRC 17 | Superstonk 192 2 points 3 hours ago Sec can seck my balls permalink embed save report reply [–]NevilleHarrisPlatinum | QC: CC 66, ETH 25 | TraderSubs 10 2 points 3 hours ago *First they ignore you *Then they laugh at you *Then they fight you *Then you start to kind of win *Then SBF fucks everything up and damages public perception to the point where the Super Bowl bans crypto commercials *Then the SEC starts trying to do wild shit because they can <<——- you’re here *TBD permalink embed save report reply [–]torontogluttonPlatinum | QC: CC 125, ETH 62 | TraderSubs 62 2 points 2 hours ago This would be disastrous permalink embed save report reply [+]arcademachin3 2 points an hour ago (1 child) [–]onichaninuTin | 2 months old 2 points 1 hour ago How would they…? How gonna they gonna stop me to stake on pancakeswap or uniswap? permalink embed save report reply [–]carlbentleyofficialTin 2 points 1 hour ago Fuck the SEC permalink embed save report reply [–]Vast-Bodybuilder-700 2 points 1 hour ago My bank won’t let me earn interest on my money unless I have at least 25k in savings and then it’s only 1% you have to have over 1 million to get 3%. So something comes along for the little guy to earn on their money and they want to fuck us. Fuck them we will still have DeFi staking. permalink embed save report reply [–]CuzahSilver | QC: CC 33 | VET 96 2 points 31 minutes ago Its only a ban for exchanges to offer staking services. Its kind of good for crypto seeing as it will force people to take care of their coins in a more safer manner, encouraging them to stake within their own wallets. permalink embed save report reply [–]No-Significance-1581Platinum | QC: ETH 25 8 points 5 hours ago Fuck the government permalink embed save report reply [–]Crypto-CajunPlatinum | QC: CC 81, XRP 29 | ADA 12 5 points 5 hours ago Hoping that Ripple mops the fucking floor with these mother fuckers and they lose every bit of regulatory power they have. permalink embed save report reply load more comments (9 replies) [–]iphonepencil> 3 years account age. < 150 comment karma. 5 points 5 hours ago Gotta protect us from profits 🤡 permalink embed save report reply [–]futurevandross1Tin | CC critic | NVIDIA 10 2 points 5 hours ago This Gary clown is really infuriating, alien looking boomer ass. permalink embed save parent report reply [–]lewislover44Tin | 2 months old 2 points 5 hours ago I remember 2 years ago or so everyone thought he would be pro crypto as he knows Algorand founder or some shit lol permalink embed save parent report reply load more comments (1 reply) load more comments (2 replies) [–]TruthSeeekeerPlatinum | QC: CC 1034 3 points 5 hours ago Regulators need to try and justify their existence somehow. Crypto is one of their easiest targets. permalink embed save report reply [–]CoverYourMaskHolesPlatinum | QC: CC 82 | AvatarTrading 17 3 points 5 hours ago Actually it’s one of their hardest targets, they just think it’s an easy target. Way easier to ban centralized services. Almost impossible to ban decentralized services. What will happen is US users won’t be able to stake and the rest of the world will be making all the capital and finally the SEC will be forced to reverse the ban due to it being just a crutch on Americans, and not really protecting anything. permalink embed save parent report reply [–]002timmy 3 points 4 hours ago Staking clearly doesn’t pass the Howey test. You’re contributing to the security of the network. The Howey test says a security is something you expect a gain from the efforts of others. permalink embed save report reply [–]KaffikupPlatinum | QC: BTC 73, CC 19 | Stocks 58 3 points 4 hours ago the fact that is possible shows why eth's move to POS has been a critical mistake. permalink embed save report reply load more comments (1 reply) [–]FldLima 6 points 5 hours ago Can SEC just f*ck off already? Holy what s bunch of annoying boomers permalink embed save report reply [–]cryptotentnewBronze | SC 10 6 points 5 hours ago* Don't throw all us boomers in there! We had to make ends meet with all the never ending regulations during our time as well. It's the select few that make it hard for the rest of us. SBF wasn't a boomer and look what he did. permalink embed save parent report reply load more comments (2 replies) [–]Maxx3141Platinum | QC: CC 2677 3 points 5 hours ago If that would include real PoS staking that would be terrible - and nothing but an attack in crypto on my opinion... But if they would be going for stricter lending rules (which is also sometimes called "staking", and I hate that) I think we should be more open to it. I think people should simply not expect to earn money by holding coins like BTC or stable coins. Note I'm saying "stricter". As a crypto believer I'm not supporting any ban to "protect investors" obviously. permalink embed save report reply [–]munchies777Tin | Technology 17 2 points 3 hours ago I'm thinking it will be more of the latter. When you stake a PoS coin, the coin can't go bankrupt and lose all your money. Exchanges can and obviously have. From a regulatory point of view, it's also much easier to regulate exchanges that operate in the US compared to protocols that aren't based anywhere. When exchanges were offering like 20% interest it was obviously a Ponzi scheme. permalink embed save parent report reply [–]Accomplished-Design7Platinum | QC: CC 810 2 points 4 hours ago So bye-bye ETH? permalink embed save report reply [–]corn-potageBronze | 5 months old 5 points 4 hours ago Nope, more like bye bye cbETH. permalink embed save parent report reply [–]MBGLK 2 points 5 hours ago Brian should relist XRP, otherwise it's just conjecture on his part and means nothing. permalink embed save report reply [–]RocketMoonShotPlatinum | QC: CC 16 | Accounting 121 2 points 5 hours ago They want to kill interest. permalink embed save report reply [–]CoverYourMaskHolesPlatinum | QC: CC 82 | AvatarTrading 17 2 points 5 hours ago That’s one country banning something that all countries use… you can’t ban these things… permalink embed save report reply load more comments (2 replies) [–]coachhunterPlatinum | QC: XRP 401, CC 217 2 points 5 hours ago “Coinbase CEO says he heard rumors the SEC wants to ban crypto” Fixed it for ya permalink embed save report reply