Zachary fallon

What SEC's Enforcement Action on Kraken Could Mean for Crypto Industry

Crypto exchange Kraken will pay a $30 million settlement fine to the U.S. Securities and Exchange Commission (SEC) and halt its staking service for U.S. customers. Former SEC Attorney and Ketsal partner Zachary Fallon says the agency's enforcement action shows the SEC's "increasing focus on intermediaries in this space."

By CoinDesk Inc

Feb 10, 2023 at 7:49 p.m. UTC

Feb 10, 2023

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Kraken

Kraken Facing SEC Scrutiny Is 'Not a Condemnation of Staking At Large': Former SEC Attorney

Crypto exchange Kraken will end its U S crypto staking service and pay a 30 million fine to settle with the U S Securities and Exchange Commission SEC Former SEC Attorney and Ketsal partner Zachary Fallon weighs in on the developments noting this is not a condemnation of staking at large where users can validate [...]

By CoinDesk Inc

Feb 10, 2023 at 4:45 p.m. UTC

Feb 10, 2023

KrakenSECcdtvFM ClipProof-of-WorkSocial_ClipKetsalZachary fallon

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Kraken

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 [...]

By CoinDesk Inc

Feb 10, 2023 at 4:17 p.m. UTC

Feb 10, 2023