Kraken pays a $30 million fine and shuts down crypto staking in the US

A coin is set aflame to reveal a digital wireframe underneath.
Illustration by Alex Castro / The Verge

Kraken will end its crypto staking program in the US and pay $30 million in penalties as part of a settlement with the Securities and Exchange Commission. The regulator charged the company with selling unregistered securities through its “crypto asset staking-as-a-service program.” It’s been clear for a while now that the SEC was planning to clamp down on crypto yield programs. In 2021, it got into a spat with Coinbase over the exchange’s plans to launch a lending feature in the US, and last year, it (and several states) settled with BlockFi for $100 million over the company’s interest accounts.

Coinbase CEO Brian Armstrong tweeted concern about “rumors” the...

Continue reading…



source https://www.theverge.com/2023/2/9/23593183/kraken-staking-sec-settlement-penalties-crypto-interest

Σχόλια

Δημοφιλείς αναρτήσεις από αυτό το ιστολόγιο

VIPBox Alternatives, 15 Best Sites to Watch Live Sports Streaming

How to Install Radio Addon on Kodi (30,000 Plus Channels)

Από τα ακατέργαστα δεδομένα στους διαδραστικούς πίνακες εργαλείων: Ο ρόλος του Power BI στη μετατροπή δεδομένων