The Securities and Exchange Commission’s (SEC) shutdown of crypto exchange Kraken’s U.S. staking-as-a-service business may certainly lead to a wider industry crackdown. However, “this is not a condemnation of staking writ large,” said Zachary Fallon, a former special adviser to the regulator’s general counsel and previously senior special counsel to the director of the SEC’s Division of Corporate Finance.
Source: https://www.coindesk.com/policy/2023/02/10/former-sec-attorney-kraken-action-not-a-condemnation-of-staking-writ-large/?utm_medium=referral&utm_source=rss&utm_campaign=headlines