Kraken agrees to shut crypto staking in the US and pay a $30m fine to the SEC
Join Our Telegram channel to stay up to date on breaking news coverage The recent rumors said that the US authorities are planning to crack down on staking in the country, as they are beginning to view it as a security, and the first hints that the rumors are true are already emerging. The biggest confirmation so far is the lawsuit that the US regulator filed against the crypto exchange Kraken this Thursday. 1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen. — Brian Armstrong (@brian_armstrong) February 8, 2023 Kraken agrees to the SEC’s terms Kraken immediately reached out to make a settlement, agreeing to end its crypto staking -as-a-service platform for US users. On top of that, the exchange also agreed to pay a $30 million fine for offering unregistered securities, according to the SE...