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Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
10.2.2023
Though Coinbase’s (COIN) current revenue from staking is relatively small, there is potential for speedy growth if the U.S. Securities and Exchange Commission (SEC) doesn’t crack down on the service altogether
SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce
10.2.2023
The U.S. Securities and Exchange Commission did not attempt to consult with the crypto industry before this launching this week’s unregistered securities crackdown on staking-as-a-service, Commissioner Hester Peirce said Friday
SEC chair issues warning to crypto firms after action on Kraken staking
10.2.2023
“Don’t have your hand in the customer’s pocket, using their funds for your own platform," Gary Gensler said to companies that needed to register with the SEC
Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow
10.2.2023
Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC
SEC Chief Gensler Warns Crypto Firms to Comply With Rules After Kraken Shutters Staking Program
10.2.2023
Other platforms that offer yield-earning programs should "take note" and come into compliance, the regulator said a day after crypto exchange Kraken said it will pay a $30 million fine to settle SEC charges
First Mover Americas: Kraken's SEC Settlement Sends Crypto Markets Tumbling
10.2.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
The IRS is Taking Action to Uncover Identities of This Crypto Exchange's Customers – Who Will Be Affected?
10.2.2023
According to the Internal Revenue Service (IRS), the American tax authority, Kraken, the giant crypto exchange, failed to provide requested information regarding its US customers who conducted crypto transactions worth $20,000 or more between 2016 and 2020.
The major exchange has allegedly been...
Bitcoin price taps 3-week lows as SEC fears liquidate $250M of crypto longs
10.2.2023
Panic over regulatory enforcement sees Bitcoin and altcoins give up recent gains, costing long traders over a quarter of a billion dollars in a single day
Ethereum price risks 20% correction amid SEC's crackdown on crypto staking
10.2.2023
Ethereum may experience a drop in user activity alongside ETH price with crypto staking in the crosshairs of the SEC
‘Kraken Down’ — SEC commissioner rebukes own agency over recent action
10.2.2023
"Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent," said commissioner Hester Pierce
Ethereum co-founder Joe Lubin says no chance ETH is classed as security
9.2.2023
The ConsenSys founder and Ethereum co-founder said it’s as unlikely as ride-sharing service Uber becoming illegal
Kraken Winds Down Staking Program, Pays $30 Million to Settle Unregistered Offering of Staking Services Case With SEC
9.2.2023
Kraken, a U.S.-based cryptocurrency exchange, has agreed to wind down its cryptocurrency staking program as part of an arrangement with the U.S. Securities and Exchange Commission (SEC) to settle for the unregistered offer of its staking services. The exchange will also pay $30 million...
Liquid Staking Tokens Rally as Kraken Settles With SEC to Sunset Staking Service
9.2.2023
The sudden price uptick of governance tokens for the largest liquid staking protocols Lido Finance, Rocket Pool and Frax Finance defies the decline of the broader crypto market
Kraken reaches $30M settlement with SEC over staking
9.2.2023
“Kraken not only offered investors outsized returns untethered to any economic realities, but also retained the right to pay them no returns at all,” said Gurbir Grewal
Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
9.2.2023
The U.S. Securities and Exchange Commission sued Kraken in federal court Thursday, alleging its crypto staking as a service program violated federal securities laws
Banks under pressure from U.S. authorities to cut ties with crypto firms
9.2.2023
Banks are allegedly being discouraged from offering services to the crypto industry by United States authorities
Kraken Agreed to Shutter Crypto-Staking Operations to Settle SEC Charges: Source
9.2.2023
Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter
Crypto Would Survive an SEC Crackdown on Crypto Staking
9.2.2023
Coinbase CEO Brian Armstrong Expresses Concern Over Rumors of SEC Ban on Crypto Staking for Retail Customers
9.2.2023
Brian Armstrong, CEO of Coinbase, expressed concern about rumors that the U.S. Securities and Exchange Commission (SEC) may eliminate cryptocurrency staking for retail customers in the United States. Armstrong insisted that “staking is not a security” and that the trend allows users...
Crypto Exchange Kraken in Hot Water with SEC Over Alleged Securities Violation – Here's What You Need to Know
9.2.2023
The US-based crypto exchange Kraken is in hot water with regulators over an alleged violation of securities rules related to the selling of “unregistered securities.”
The Securities and Exchange Commission’s (SEC) probe into whether Kraken did offer unregistered securities to US consumers is...