Kraken Pulling Back From Using Signature Bank: Bloomberg
Crypto exchange Kraken is pulling back from using crypto-focused bank Signature Bank for some significant financial transactions, according to a report from Bloomberg, in the latest move away from a specific bank by a crypto exchange.
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Kraken’s Head of OTC Options Trading: Investors Are Still Interested In Crypto, Staking
The fall of the FTX crypto exchange and the recent regulatory crackdown by the U.S. Securities and Exchange Commision (SEC) hasn’t deterred institutional interest in crypto, said Kraken’s head of over-the-counter (OTC) options trading, Juthica Chou.
SEC Has to Clarify What’s Permissible for Staking, Former CFTC Chair Says
It remains unclear whether the U.S. Securities and Exchange Commission’s (SEC) enforcement action against cryptocurrency exchange Kraken represents a broader crackdown on staking, according to Timothy Massad, former Commodity Futures Trading Commission (CFTC) chairman. Kraken’s staking programs, however, are rather different from those offered by other platforms, and “we don’t know at this time whether it was just those features that caused the SEC to bring that action or whether this does represent a broader attack on staking,” Massad said. (forkast)
Coinbase Staking 'Fundamentally Different’ to Kraken's — Chief Lawyer
The staking services offered by cryptocurrency exchange Coinbase are “fundamentally different” to what was offered by its peer exchange Kraken — which recently came under fire from the United States securities regulator — according to Coinbase's head lawyer. Paul Grewal, Coinbase’s chief legal officer, made the comments in his response to a shareholder question regarding its staking services during a Q&A session on the exchange’s fourth-quarter results, noting: “The staking products that we offer on Coinbase are fundamentally different from the yield products that were described in the reinforcement action against Kraken. The differences matter.” (Cointelegraph)
Regulators Are To Blame for All the Crisis in Crypto, Says Kraken CEO
Jesse Powel, the co-founder, and CEO of Kraken, a cryptocurrency exchange, thinks users should blame regulators for the ongoing crises in crypto.
Cointime News Wrapup-Afternoon Version: Kraken CEO Jesse Powell Says Regulators Support the Bad Guys in Crypto
Kraken CEO Jesse Powell said that the regulators allow the bad guys to get big and blow up. He exposes how they ignored warnings signs.
Kraken CEO Jesse Powell Says Regulators Support the Bad Guys in Crypto
Earlier this month, crypto exchange Kraken made a $30 million settlement with the SEC and had to shut down its crypto staking feature post the regulatory crackdown. Kraken CEO Jesse Powell has once again come out lasing at the regulators noting that they have been supporting the bad guys in crypto while treating the good guys as enemies. “Regulators let the bad guys get big and blow up because it serves their agenda,” he wrote. (coingape)
South Korea To Examine Crypto Staking Services Following the Kraken Case
As reported by a local publication on Feb. 15, Korean financial authorities are looking into the staking services market. However, as the unnamed official specified to the journalists:
Former SEC Chief Counsel Says Agency Needs to Make Clear Its Crypto Compliance Rules
The U.S. Securities and Exchange Commission (SEC) is falling short when it comes to addressing how it deals with the digital asset industry, said TuongVy Le, partner and head of regulatory and policy at investment firm Bain Capital.
