Coinbase’s Chief Legal Officer Says Their Staking Services Are “Fundamentally Different”

Late last week, Paul Grewal, Chief Legal Officer at Coinbase, shared his thoughts on the recent settlement between the U.S. Securities and Exchange Commission (SEC) and crypto exchange Kraken over the latter’s staking program. On 9 February 2023, the U.S. Securities and Exchange Commission (SEC) issued a press release about Kraken that stated: “The Securities and Exchange