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‘Kraken Down’ — SEC Commissioner Rebukes Own Agency Over Recent Action

United States Securities and Exchange Commission (SEC) commissioner Hester Pierce has publicly rebuked her own agency over the shut down of Kraken's crypto staking program in the United States. 

The commissioner blasted her regulator in a Feb. 9 statement called "Kraken Down," noting that regulation by enforcement “is not an efficient or fair way of regulating” in an emerging industry, stating: 

Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent.

Peirce's statement also slammed the regulator for shutting down a “program that has served people well."

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