SEC


Videos

Kraken Ending Its Crypto Staking Services for US Customers, Former SEC Attorney Weighs In

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.

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Policy

SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce

The SEC commissioner spoke a day after Kraken settled charges with the regulator that its U.S. staking service was an unregistered securities offering.

SEC Commissioner Hester Peirce (Danny Nelson/CoinDesk)

Policy

Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?

Insiders, experts and the rhetoric of officials suggest a reckoning with the government is inevitable for the big exchanges, and this week’s action against Kraken could be just the beginning.

U.S. Securities and Exchange Chairman Gary Gensler (Alex Wong/Getty Images, modified by CoinDesk)

Videos

Kraken to End US Crypto Staking Service, Pay $30M Fine in SEC Settlement

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.

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Videos

Bitcoin Falls Below $22K After Kraken's SEC Settlement

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.

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Finance

Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow

Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC.

(Midjourney/CoinDesk)

Policy

SEC Chief Gensler Warns Crypto Firms to Comply With Rules After Kraken Shutters US Staking Program

Other platforms that offer yield-earning programs should "take note" and come into compliance, the regulator said a day after crypto exchange Kraken said it will pay a $30 million fine to settle SEC charges.

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

Markets

Bitcoin Drops Below $22K as Kraken Agreement to Close US Crypto Staking Operations Spooks Investors

The largest cryptocurrency by market capitalization declined after the crypto exchange giant agreed to settle charges with the SEC to shutter the service.

Bitcoin price chart showed the cryptocurrency's price drop on Thursday. (CoinDesk)

Videos

Kraken Agreed to Shutter Crypto-Staking Operations To Settle SEC Charges: Source; Sam Bankman-Fried Developments

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.

Recent Videos

Policy

Kraken Agreed to Shutter US Crypto-Staking Operations to Settle SEC Charges: Source

The SEC is meeting in a closed-door session on Thursday.

Kraken CEO and former COO David Ripley (Kraken)