Overview

Click to expand overview
Hace 23 horas Based on the SEC meeting memo dated, the SEC’s Crypto Task Force staff held a conversation with Kraken representatives to discuss new guidelines for U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler is warning other platforms to take note of crypto exchange Kraken's move to halt its staking A day after crypto exchange Kraken agreed to shut down their staking program, the US Securities and Exchange Commission (SEC) Chair, Gary Gensler, sent a El presidente de la Comisión de Bolsa y Valores de Estados Unidos, Gary Gensler, advirtió a las empresas de criptomonedas que cumplan la ley después de que la In the interview, Gary Gensler alarmed other crypto firms to take note of the SEC’s move to halt crypto exchange Kraken’s operation and forced it to pay $30 million as a In an interview with BeInCrypto, Nick Puckrin, Founder of The Coin Bureau, and Hank Huang, Chief Executive Officer at Kronos Research, highlighted the substantial SEC chair issues warning to crypto firms after action on Kraken staking

SEC Chair Issues Strong Warning to Crypto Firms Following Kraken Staking Crackdown

The U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler, is sending a clear message to crypto firms: comply with the law. His warning comes on the heels of the SEC's action against crypto exchange Kraken, forcing them to halt their staking program and pay a $30 million penalty.

A day after crypto exchange Kraken agreed to shut down their staking program, Gary Gensler sent a strong message emphasizing the need for crypto companies to adhere to existing regulations. El presidente de la Comisión de Bolsa y Valores de Estados Unidos, Gary Gensler, advirtió a las empresas de criptomonedas que cumplan la ley después de que la SEC took action against Kraken.

The SEC’s move has sent ripples throughout the crypto industry. In an interview, Gary Gensler alarmed other crypto firms to take note of the SEC’s move to halt crypto exchange Kraken’s operation and forced it to pay $30 million as a settlement. This action highlights the SEC's growing scrutiny of crypto staking programs.

Hace 23 horas Based on the SEC meeting memo dated, the SEC’s Crypto Task Force staff held a conversation with Kraken representatives to discuss new guidelines. These discussions likely foreshadowed the enforcement action and the broader regulatory concerns surrounding crypto staking services.

SEC Chair issues warning to crypto firms after action on Kraken staking, emphasizing that other platforms should take note of crypto exchange Kraken's move to halt its staking programs. The regulator is closely examining staking programs to determine if they constitute securities offerings, a classification that would subject them to stricter regulatory oversight.

Experts are weighing in on the implications of the SEC's action. In an interview with BeInCrypto, Nick Puckrin, Founder of The Coin Bureau, and Hank Huang, Chief Executive Officer at Kronos Research, highlighted the substantial implications of the SEC's decision for the future of crypto staking in the United States.

Top Sources

Related Articles