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Kraken settles with SEC over crypto staking — is Coinbase next?
Crypto exchange Kraken has agreed to pay $30 million and discontinue offering staking-as-a-service in the US, in order to settle charges of offering an unregistered security with the Securities and Exchange Commission (SEC).
The complaint against Kraken details how the SEC feels that the pooling of staking user assets and efforts to derive profits for them results in the staking product being a security.
Hosted on Acast. See acast.com/privacy for more information.
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By ProtosCrypto exchange Kraken has agreed to pay $30 million and discontinue offering staking-as-a-service in the US, in order to settle charges of offering an unregistered security with the Securities and Exchange Commission (SEC).
The complaint against Kraken details how the SEC feels that the pooling of staking user assets and efforts to derive profits for them results in the staking product being a security.
Hosted on Acast. See acast.com/privacy for more information.