Kraken
Launchnodes CEO on Kraken Shutting Down Its US Staking Program
Crypto exchange Kraken is ending its crypto staking services for U.S. clients and paying a $30 million fine in a settlement with the U.S. Securities and Exchange Commission (SEC). Jaydeep Korde, founder and CEO of non-custodial Ethereum staking services provider Launchnodes, discusses what this means for his business operations and the crypto industry at large.
What Does Kraken's SEC Settlement Mean for Crypto Staking?
Kraken had a pretty lousy day, but the industry is more interested in what this means for staking.
Former SEC Attorney: Kraken Action Not a Condemnation of 'Staking Writ Large'
However, Zachary Fallon, a partner at law firm Ketsal, said it is an “obvious shot across the bow to others.”
Bitcoin Below $22K as Traders React to Kraken Shutting US Crypto-Staking Service
Bitcoin (BTC) is trading below $22,000 as traders react to Kraken shuttering its crypto staking-as-a-service platform for U.S. customers and the crypto exchange's $30 million settlement with the SEC. CoinDesk Crypto Markets Analyst Glenn Williams Jr. shares his markets analysis as the largest cryptocurrency by market capitalization has fallen roughly 7% in the last week.
What SEC's Enforcement Action on Kraken Could Mean for Crypto Industry
Crypto exchange Kraken will pay a $30 million settlement fine to the U.S. Securities and Exchange Commission (SEC) and halt its staking service for U.S. customers. Former SEC Attorney and Ketsal partner Zachary Fallon says the agency's enforcement action shows the SEC's "increasing focus on intermediaries in this space."
Regulating Crypto by Enforcement and Stealth Will Set the US Back
Moves to outlaw staking and stop banks from servicing crypto companies will harm the industry and send it overseas, says CoinDesk Chief Content Officer Michael Casey.
Coinbase’s Staking Service Faces Questions After Kraken’s SEC Settlement
Crypto exchange Kraken on Thursday agreed with the SEC to pay a $30 million fine and shutter its staking platform for U.S. customers to settle charges concerning the offering unregistered securities.
SEC Chair Gary Gensler Addresses $30M Settlement with Kraken
U.S. Securities and Exchange Commission Chair Gary Gensler joined CNBC's "Squawk Box," warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the country and cough up a $30 million fine. This comes as SEC Commissioner Hester Peirce said Friday that the SEC did not attempt to consult with the crypto industry before launching this week’s unregistered securities crackdown on staking-as-a-service. "The Hash" panel discusses the latest developments surrounding U.S. crypto regulation.
