: Kraken to halt sale of securities through crypto staking services: SEC


Kraken, one of the world’s largest crypto exchanges, on Thursday agreed to stop offering or selling securities through crypto asset staking services, and pay $30 million in penalties, the Securities and Exchange Commission said. The SEC has been probing Kraken over whether it broke rules on certain offerings to U.S. investors. “Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures and safeguards required by our securities laws,” said SEC Chair Gary Gensler. Kraken agreed to cease its program but didn’t admit or deny the SEC’s allegations.  

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleEarnings Results: Coach parent company Tapestry and Ralph Lauren both see growth from Gen Z, millennials
Next articleThese 20 AI stocks are expected to rise up to 85% over the next year


Please enter your comment!
Please enter your name here