February 10, 2023

SEC's #GaryGensler Uses Anti-Vegetarian Verbiage To Explain #Kraken Settlement

23 minutes

Seems some are misunderstanding the real problem. It's not "staking" in general. It's the nature of how centralized exchanges - or most of them - do it.

Bottom line: if it's not you directly staking with tokens remaining completely yours while enriching others, the SEC thinks that's an issue.

SEC's #GaryGensler Uses Anti-Vegetarian Verbiage To Explain #Kraken Settlement

23 minutes

Seems some are misunderstanding the real problem. It's not "staking" in general. It's the nature of how centralized exchanges - or most of them - do it.

Bottom line: if it's not you directly staking with tokens remaining completely yours while enriching others, the SEC thinks that's an issue.