SEC

PayPal (PYPL) held a total of $604 million of bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH) for its customers as of Dec. 31, according to its annual report to the U.S. Securities and Exchange Commission (SEC). The payments company has been allowing customers to buy and sell crypto since October 2020, though it has only recently begun to disclose specific holdings of different coins in its SEC filings. "The Hash" panel discusses what this means for PayPal's crypto ambitions.

Peb 10, 2023

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.

Peb 10, 2023

By Adrian Blust, Adam B. LevinePeb 10, 2023

Crypto exchange Kraken will end its U.S. crypto-staking service and pay a $30 million fine to settle with the U.S. Securities and Exchange Commission (SEC). Former SEC Attorney and Ketsal partner Zachary Fallon weighs in on the developments, noting this is not a condemnation of staking at large, where users can validate transitions on a proof-of-work chain.

Peb 10, 2023

Kraken is shuttering its crypto staking-as-a-service platform for U.S. customers and will pay $30 million to settle SEC charges it offered unregistered securities. In a blog post, Kraken said it would automatically unstake any assets staked by U.S. clients except for staked ether, which won't be unstaked until after the Ethereum Network's Shanghai upgrade takes effect. Ketsal partner and former SEC Attorney Zachary Fallon discusses what this could mean for the future of SEC enforcement actions over the crypto industry.

Peb 10, 2023

Crypto exchange Kraken will "immediately" end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities, the U.S. agency announced Thursday. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the details and the wider implications for crypto regulation.

Peb 10, 2023

Bitcoin (BTC) and ether (ETH) are dropping after crypto exchange Kraken's $30 million settlement with the U.S. Securities and Exchange Commission. DFD Partners President Bilal Little shares his analysis of the crypto markets and why he thinks we might be in the early innings of the next crypto bull cycle.

Peb 10, 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. Plus, at a hearing in New York on Thursday, Judge Lewis Kaplan indicated that he was concerned about Sam Bankman-Fried’s ability to hide or delete his communications.

Peb 9, 2023

LDO, the governance token of the decentralized autonomous organization behind Lido, spiked after Coinbase CEO Brian Armstrong tweeted that he'd heard rumors that the U.S. Securities and Exchange Commission (SEC) might ban retail investors from engaging in cryptocurrency staking. The Lido protocol, governed by the LDO token, allows for the staking of ether. "The Hash" panel discusses the latest in the world of crypto regulation.

Peb 9, 2023

Coinbase CEO Brian Armstrong tweeted that he's heard rumors that the U.S. Securities and Exchange Commission wants to ban retail investors from engaging in cryptocurrency staking, the income-generating technique at the core of running blockchains including Ethereum. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De shares the latest developments.

Peb 9, 2023