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The SEC's Issue With Staking Cryptocurrencies
The SEC has filed a complaint against the company, saying it's charging investors for staking their Ether. Peter Thiel: The mechanics of how you stake an asset are very different from collecting dividends on Apple stock. He says that by offering yields higher than they would natively on chain,Coinbase is skimming off the top. Horowitz: They're rehypoticating in the Ethereum ecosystem and creating some massive problem if state ETH unwinds.