Kraken
Is the SEC Really the Bad Guy?
It’s easy to say the SEC is going after the wrong targets in its crypto crackdown. But it’s all a consequence of real failures by the industry.
Crypto CEOs Need to Accept That Existing Regulations Also Apply to Them
Coinbase’s CEO thinks the rules that apply to other financial services don’t apply to his multi-billion-dollar financial services company. His ignorance – either intentional or literal – is concerning.
Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules
“When the SEC tells us that something is not compliant, it’s not necessarily the same thing as telling us what they would consider compliant,” said TuongVy Le, a partner and head of regulatory and policy at investment firm Bain Capital.
What Kraken's $30M Settlement with SEC Could Mean For Crypto Staking
Kraken settled charges with the U.S. Securities and Exchange Commission for $30 million and ended its U.S. crypto staking program as a result. TuongVy Le, Bain Capital Crypto Partner and former Chief Counsel at the U.S. Securities and Exchange Commission (SEC)'s Office of Legislative and Intergovernmental Affairs, discusses her take on how the SEC might be approaching staking and what this means for crypto staking overall in the U.S.
Bain Capital Crypto Partner on Catalysts That Could Kill Crypto Staking
Bain Capital Crypto Partner and Head of Regulatory and Policy TuongVy Le weighs in on the U.S. Securities and Exchange Commission's recent settlement with crypto exchange Kraken and its Wells Notice to Paxos. As the former Chief Counsel at the SEC's Office of Legislative and Intergovernmental Affairs, she notes "blindly and mechanically applying the existing securities laws...could potentially kill something like staking."
Paxos Says it Will 'Engage' With SEC and 'Vigorously Litigate' if Needed
TuongVy Le, Bain Capital Crypto Partner and Head of Regulatory and Policy, reacts to Paxos saying that it has received a Wells Notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action based on the charge that its Binance USD constitutes an unregistered security. Plus, the potential implications for Kraken halting all U.S. staking operations as part of a $30 million settlement with the SEC.
How the SEC Could Reshape Ethereum’s Staking Landscape for the Better
By shutting down Kraken’s staking service, the SEC could shift power over Ethereum toward solo stakers and decentralized alternatives.
Algorand Foundation CEO: SEC’s Crypto Crackdown Highlights Lack of Regulatory Clarity
Staci Warden told CoinDesk TV crypto-native firms are being punished rather than given guidance.
Algorand Foundation CEO on Kraken's SEC Settlement and the Lack of Regulatory Clarity
Algorand Foundation CEO Staci Warden weighs in on the staking debate after crypto exchange Kraken halted its U.S. crypto staking service in a settlement with the U.S. Securities and Exchange Commission (SEC). Plus, She explains how the lack of regulatory clarity led to this development, saying, "they're being punished as opposed to given guidance."
