Coinbase CEO: Working with the U.S. CFTC to launch a derivatives platform as soon as possible

ChainCatcher news, according to CryptoSlate, Coinbase CEO Brian Armstrong stated in a Bankless podcast interview that Coinbase's staking program is not a security, and the staking rewards are earned through the protocol, not directly from the exchange. Therefore, Coinbase will defend its staking mechanism in court and uphold its rights.

Additionally, Brian Armstrong revealed that Coinbase has been working with the Commodity Futures Trading Commission (CFTC) to launch its derivatives platform as soon as possible. (source link)