Coinbase Global Inc. CEO Brian Armstrong escalated his spat with the US Securities and Exchange Commission, warning that he’d heard rumours that the SEC wants to ‘get rid of’ retail crypto staking. “I hope that’s not the case, because I believe it would be a terrible path for the United States if that were allowed to happen,” he tweeted on Wednesday, arguing that staking is a “really important innovation.” The SEC did not respond to Armstrong’s tweets. The agency has repeatedly stated that most digital tokens are securities and should be governed by its regulations. Chair Gary Gensler has previously stated that staking may fall under the purview of the regulator. Staking, according to Armstrong, is not a security.