U.S. authorities are cracking down on the crypto industry and seem ready to introduce stricter regulations against the nascent sector. Many predicted and feared what now seems to be materializing. The...
Tag: SEC
‘Midnight Massacre:’ SEC Crackdown on Crypto Staking Services Prompts Speculation of Further Enforcement Actions – Regulation Bitcoin News
On Feb. 9, 2023, the cryptocurrency community learned of the U.S. Securities and Exchange Commission’s (SEC) crackdown on staking services. The SEC fined Kraken, a cryptocurrency exchange, $30 million...
Kraken CEO Calls on Congress to Protect US Crypto Industry Following Settlement With SEC Over Staking Program – Regulation Bitcoin News
The CEO of crypto exchange Kraken, Jesse Powell, has called on Congress to pass a law to protect the U.S. crypto industry after the Securities and Exchange Commission (SEC) took action against his tra...
SEC Commissioner Peirce: Kraken Staking Action Not a ‘Fair Way of Regulating’
Yesterday, the Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. ...
Will the SEC Crackdown on Staking Prove to Be a Win for DeFi?
The Securities and Exchange Commission (SEC) seems determined to attack crypto-staking services after filing charges against Kraken. But what will the consequences be for DeFi? Crypto staking is again...
Crypto Market Turns Bearish After SEC Wages War on Digital Asset Staking
The cryptocurrency market has turned bearish in the past 24 hours with Bitcoin and Ethereum prices down approximately 4 and 5.6 percent respectively. According to the latest crypto price oracles, the ...
Despite SEC Troubles, Kraken’s Trading Volume Climbs Double Digits
Kraken’s generated trading volume for the past 24 hours increased by almost 15%. The surge contrasts with the company’s issues prompted by the recent SEC investigation and the consecutive termination ...
Kraken to pay $30M Fine in SEC settlement; Shut US Crypto-staking
SEC alleged that Kraken’s crypto staking services were against US laws. Kraken will pay $30 million in settlements and shut down US crypto-staking services. Non United States customers remain unaffec...
‘Kraken Down’ — SEC commissioner rebukes own agency over recent action
United States Securities and Exchange Commission (SEC) Commissioner Hester Peirce has publicly rebuked her own agency over the shutdown of crypto exchange Kraken’s crypto staking program in the United...
Charles Hoskinson Says Cardano Ecosystem Is Fine After SEC Bans Kraken US Staking Service – But There’s a Catch
Cardano (ADA) co-founder Charles Hoskinson says ADA remains on solid footing despite the U.S. Securities and Exchange Commission’s (SEC) crackdown on Kraken’s crypto-staking services. In a new Youtube...
Gensler Responds to “Is SEC Using All Means To Keep Crypto Out of Financial System”
According to Gensler, companies should ensure full disclosure to their customers regardless of the risks. CNBC’s Sorkin called to attention the consensus among crypto proponents that the SEC, under Ga...
SEC under fire for regulation by enforcement in Kraken staking action
Ad The post-mortum on Kraken’s staking enforcement by the SEC has begun. On Feb. 9, Kraken said it would end its staking service in the U.S. and disclosed paying a $30 million fine to settle allegatio...
“Paternalistic and Lazy”: SEC Commissioner Blasts Agency Crackdown on Kraken
Key Takeaways The SEC is forcing Kraken to shut down its staking services in the United States, claiming the platform failed to properly register the program. SEC Commissioner Hester Peirce disagrees ...
Congress, the Answer to SEC? – Trustnodes
“A paternalistic and lazy regulator settles on a solution like this one: do not initiate a public process to develop a workable registration process that provides valuable information to investors, ju...
$70B Gone From Crypto Markets as SEC Cracks Down on CEXs: Market Watch
Bitcoin slumped by over $1,000 in the past 24 hours to a three-week low below $22,000 as the SEC officially went after crypto staking. Most altcoins are bleeding out just as badly, with ADA, DOGE, OKB...
The SEC cracks at Kraken, Coinbase’s shares pay the price
The SEC alleged Kraken for their crypto-staking products; the crypto exchange to pay $30 M in the settlement. Coinbase argues theirs is “fundamentally different,” shares dropped nonetheless. Any abr...
Kraken reaches $30M settlement with SEC over staking as IRS seeks user information
Cryptocurrency exchange Kraken has reached an agreement with the United States Securities and Exchange Commission to stop offering staking services or programs to U.S. clients. In a Feb. 9 announcemen...
‘Crypto mom’ disagrees with SEC over Kraken’s staking ban
SEC Commissioner Hester Peirce, known to the community as Crypto Mom, has criticized the agency for taking enforcement action against Kraken exchange and shutting down its crypto staking product follo...
Roughly $220M in liquidations driven by Kraken settlement with SEC
Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly ...
Coinbase’s Stock Shreds 14% Following SEC Crackdown on Crypto Staking
The stock of leading U.S. cryptocurrency exchange Coinbase (COIN) has suffered its biggest daily loss in seven months after the country’s Securities and Exchange Commission (SEC) forced rival exchange...
US SEC Crypto Staking Crackdown Benefits DeFi Services
Decentralized finance protocols such as Lido, Rocket Pool, and StakeWise may benefit from the U.S. Securities and Exchange Commission (SEC) crackdown against crypto staking services, reported Bloomber...
XRP Ledger-based Crypto-to-Fiat Solution Halts Reward Programs Citing SEC Crackdown
XRPayNet chooses to err on the side of caution in the face of recent SEC enforcement action. XRPayNet, a crypto-to-fiat payment solution built on the XRP Ledger, has disclosed a decision to halt its s...
Crypto Market Experiences Significant Liquidations Amid SEC Ban Staking
The cryptocurrency market has seen a lot of twists and turns over the previous 24 hours as more than 63K traders liquidated almost $144 million in the market. Bybit received the single-largest liquida...
Kraken suspends staking, SEC investigation ongoing
Crypto exchange Kraken has confirmed the shutdown of its crypto staking services as part of a settlement with the SEC. The news comes hours after Coinbase’s Brian Armstrong confirmed rumors surroundin...
Hester Peirce Lashes Out At SEC Over Strong Action on Kraken
It’s been all drama in the crypto space over the last two days with the U.S. Securities and Exchange Commission (SEC) cracking down on crypto exchange Kraken. On Thursday, February 9, the SEC asked cr...
Coinbase Not Planning to Halt Staking Program Despite SEC Crackdown on Service
Coin base’s legal officer said the Kraken incident would not affect its staking program. Coinbase, a leading cryptocurrency exchange based in San Francisco, has announced that it will not halt its cry...
Kraken Agreed SEC Charges & Shut Down its Staking Service
7 hours ago | 2 mins read Editors News Kraken was fined $30 million by the SEC. Kraken entities agreed to end its on-chain staking services. Following the regulator’s probe into Kraken, the crypto exc...
Coinbase to Fight SEC in Court Over Staking – Trustnodes
“We don’t play games,” Paul Grewal, the Chief Legal Officer at Coinbase, stated after the US Securities and Exchanges Commission (SEC) announced a settlement with Kraken over staking. “The public sho...
Coinbase’s (COIN) Brian Armstrong Cites ‘Rumors’ the SEC May Ban Retail Crypto Staking
“Staking tends to get misconstrued with unrelated activities like lending, but staking is fundamentally a way for anyone to join in providing security for proof-of-stake networks,” Mangier...
Kraken settles with SEC over crypto staking — is Coinbase next?
Crypto exchange Kraken has agreed to pay $30 million and discontinue offering staking-as-a-service in the US, in order to settle charges of offering an unregistered security with the Securities and Ex...
Coinbase stock down 14% as US SEC cracks down on crypto staking
Coinbase (NASDAQ: COIN) share price dropped by 14%, the most it has dropped by since July 2022 when the exchange faced a probe by the US SEC for its cryptocurrency listing. Yesterday’s plunge was afte...