Regulator pressure could stop Ethereum staking on the platform - Coinbase CEO

Brian Armstrong said on Twitter today that his company would suspend its Ethereum staking service in the event of regulators' threats to protect the blockchain network's integrity.

In light of the recent imposition of sanctions on Tornado Cash and the actively approaching Ethereum Merge, users are frightened about the possibility of regulators influencing cryptocurrency functions, including key post-merge proof-of-stake consensus mechanisms.

And today, Coinbase's CEO told on Twitter that his company would suspend its Ethereum staking service in the event of regulators' threats to protect the blockchain network's integrity.

Armstrong's response is particularly noteworthy given that Coinbase considers its lucrative staking service a "huge win" for the business and relies heavily on it for its future.