Kraken Down on Custodial Staking
Feb 10, 2023
• 8
Min Read
Kraken Down on Staking as a Service
On Wednesday, Brian Armstrong, the CEO of Coinbase, tweeted that he heard rumors that the U.S. Securities and Exchange Commission (SEC) might ban retail investors from engaging in cryptocurrency staking. In his tweet, he expressed concern about this possibility and said that he believes it would be a terrible path for the U.S. if that were to happen.
Then on Thursday, Kraken, another crypto exchange, agreed to close its retail staking operations in a settlement with the SEC. The settlement came after the SEC Chairman, Gary Gensler, stated that staking...Finish reading this report for free
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