brian on Nostr: Kraken agreed to end its staking program in the US and pay a $30 million fine as part ...
Kraken agreed to end its staking program in the US and pay a $30 million fine as part of the settlement. The settlement comes after rumors that the SEC may attempt to get rid of staking for retail customers in the US. Some investors believe that decentralized staking services like Lido, Rocket Pool, and Frax will be protected from the SEC's campaign against staking-as-a-service. The SEC is pursuing staking-as-a-service because it believes that when a company offers returns to investors, those investors should have the protection of federal securities laws, which means they should receive important information about their investments.
DeFi Staking Players Soar After Kraken Slapped by SEC
https://thedefiant.io/defi-staking-players-rally #staking
Published at
2023-02-10 15:14:07Event JSON
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"content": "Kraken agreed to end its staking program in the US and pay a $30 million fine as part of the settlement. The settlement comes after rumors that the SEC may attempt to get rid of staking for retail customers in the US. Some investors believe that decentralized staking services like Lido, Rocket Pool, and Frax will be protected from the SEC's campaign against staking-as-a-service. The SEC is pursuing staking-as-a-service because it believes that when a company offers returns to investors, those investors should have the protection of federal securities laws, which means they should receive important information about their investments. \n\nDeFi Staking Players Soar After Kraken Slapped by SEC https://thedefiant.io/defi-staking-players-rally #staking",
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