Coinbase CEO: Coinbase is operating as usual with no risk of customer run on the company and will not abandon its staking business.
BlockBeats reported on June 8th that Coinbase CEO Brian Armstrong stated that Coinbase is currently operating as usual and there is no risk of customer runs. The staking service accounts for 3% of Coinbase's net revenue, and Coinbase will not abandon this business.
In addition, Brian Armstrong stated that Coinbase had sought more guidance from the SEC, but did not receive a response. Several legislators in Congress and the White House have recognized the importance of cryptocurrency technology. The US Congress currently supports cryptocurrency more. (Jinse)