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” Staking ban is another nail in crypto’s coffin — that’s a good thing “ Rumors of an impending crypto ban came to fruition on Feb. 9 with the Securities and Exchange Commission’s enforcement action against Kraken, which resulted in a settlement where the exchange agreed to end its staking services for American users. The…
” SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool “ The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program it offered to its users. The news of the…
” SEC chair issues warning to crypto firms after action on Kraken staking “ United States Securities and Exchange Commission chair Gary Gensler issued a warning to crypto companies to “come in and follow the law” after the agency announced a settlement with crypto exchange Kraken. Appearing on CNBC’s ‘Squawk Box’ on Feb. 10, Gensler…
” Ethereum price risks 20% correction amid SEC’s crackdown on crypto staking “ Ethereum’s native token, Ether (ETH), saw its worst daily performance of the year as the United States Securities and Exchange Commission (SEC) stopped Kraken, a cryptocurrency exchange, from offering crypto staking services. On Feb. 9, Kraken agreed to pay $30 million to…
” ‘Agent of an anti-crypto agenda’ — Community slams Gensler over Kraken crackdown “ Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States. On Feb. 9, the United States Securities Exchange Commission (SEC) announced it had settled…
” ‘Kraken Down’ — SEC commissioner rebukes own agency over recent action “ United States Securities and Exchange Commission (SEC) commissioner Hester Pierce has publicly rebuked her own agency over the shut down of Kraken’s crypto staking program in the United States. The commissioner blasted her regulator in a Feb. 9 statement called “Kraken Down,”…
” Kraken reaches $30M settlement with SEC over staking as IRS seeks user information “ Cryptocurrency exchange Kraken has reached an agreement with the United States Securities and Exchange Commission to stop offering staking services or programs to U.S. clients. In a Feb. 9 announcement, the SEC said it had charged Kraken with “failing to…
” Crypto exchange Kraken faces probe over possible securities violations: Report “ Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission (SEC) over whether it breached rules around the offering of securities. According to a Feb. 8 Bloomberg report, the probe relates to certain offerings that Kraken has made…
” Kraken shuts down Abu Dhabi office: Report “ Cryptocurrency exchange Kraken has reportedly closed its office in Abu Dhabi less than 12 months after receiving regulatory approval to operate in the region. According to a Feb. 2 report from Bloomberg, Kraken shut down its Abu Dhabi office, laying off roughly eight people on the…
” Digital Currency Group halts dividends in an effort to preserve liquidity “ Venture capital firm Digital Currency Group (DCG) has told shareholders it is halting its quarterly dividend payments until further notice as it attempts to preserve liquidity. According to the letter sent to shareholders on Jan. 17, the firm is focused on “strengthening our…