Cryptocurrency trade Kraken has reached an settlement with the USA Securities and Change Fee to cease providing staking companies or packages to U.S. shoppers.
In a Feb. 9 announcement, the SEC mentioned it had charged Kraken with “failing to register the provide and sale of their crypto asset staking-as-a-service program,” which the fee claims certified as securities below its purview. The crypto agency has agreed to stop operations of its staking program for U.S. prospects in addition to pay $30 million in disgorgement, prejudgment curiosity and civil penalties.
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