Home 2023 Kraken Discontinues US Staking

Kraken Discontinues US Staking

The SEC in the US have charged Kraken with offering unregistered securities, fining them with a $30 million debt to settle with the Securities and Exchange Commission (SEC).

“The complaint alleges that Kraken touts that its staking investment program offers an easy-to-use platform and benefits that derive from Kraken’s efforts on behalf of investors, including Kraken’s strategies to obtain regular investment returns and payouts,” the SEC release said.

All non US clients will remain unaffected.

“Today’s action should make clear to the marketplace that staking-as-a-service providers must register and provide full, fair and truthful disclosure and investor protection.” – SEC Chair Gary Gensler.

To speak to a professional on Crpyocurrency, contact KXCO.IO.

Previous articleIsreal Wants To Label Crypto As Securities
Next articleTop 10 Cryptocurrency Business Models: A Comprehensive Guide
Executive Assistant for KXCO. 4+ years in rigorous marketing positions. Experienced writer, and part time digital designer. Thorough experience in web design and SEO. Early crypto investor and enthusiast. Entrepreneurial mindset with a degree in Business Economics