Enforcement actions historically are cyclical, so there's nothing new here. > so aren’t able to clearly articulate a case. Coinbase's staking programs are lik

Enforcement actions historically are cyclical, so there's nothing new here. > so aren’t able to clearly articulate a case. Coinbase's staking programs are likely in violation of securities acts of 1933 and 1934. And they most certainly strike all boxes of the Howey test.