SEC vs. Kraken: A one-off or opening salvo in an assault on crypto?
The U.S. Securities and Exchange Commission may be focused on custodial staking programs today, but does it also have proof-of-stake blockchain networks in its sights?
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The U.S. Securities and Exchange Commission may be focused on custodial staking programs today, but does it also have proof-of-stake blockchain networks in its sights?
Kraken agreed to a settlement with the SEC, but that didn’t change the law. Staking does not constitute a security.
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country.
Some observers have suggested the SEC’s action against Kraken will push users toward DeFi protocols. The reality is that the SEC is coming for those as well.
Bitcoin price recaptured the $22,000 level, but pending regulatory action against stablecoins and today's CPI report are front of mind for many investors.
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program.
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake…
Coinbase executives claim that staking is not a security under the US Securities Act or Howey test.
JPMorgan, one of the biggest financial institutions in the world, estimates that the arrival of the next Ethereum upgrade, codenamed Shanghai, will bring more investors to stake their funds in…
The SEC’s move to ban staking is going to encourage more people to move toward decentralized options beyond the agency’s reach.