SEC's Threats Against Coinbase Shake Crypto Community Confidence

The SEC's action against Coinbase has sparked a debate in the crypto community over what it could mean for cryptocurrency in the US. Some have criticized the SEC for allowing Coinbase to offer staking rewards for several years before threatening to sue on claims of offering unregistered securities. Others have expressed solidarity with Coinbase and hope for a more constructive approach to collaborating with innovators while protecting consumers. The SEC's action has also been criticized for its impact on shareholders of Coinbase, a publicly traded company.