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.
$70B Gone From Crypto Markets as SEC Cracks Down on CEXs
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.
Coinbase Users Converts Over $5 Bn USDC To Fiat In 24Hrs
The U.S. Securities and Exchange Commission (SEC) crackdown against crypto staking has caused panic in the crypto market. In the last 24 hours, Coinbase users have converted nearly $5 billion of Circle’s USD Coin (USDC) stablecoin to fiat due to panic caused by actions of US regulators.
Coinbase Not Planning to Halt Staking Program Despite SEC Crackdown on Service
Coinbase, a leading cryptocurrency exchange based in San Francisco, has announced that it will not halt its crypto staking program despite reports of the SEC’s crackdown against crypto staking services in the U.S.
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 Kraken to shut down its crypto staking services in a $30 million settlement deal.
Ethereum Price Risks 20% Correction Amid SEC’s Crackdown on Crypto Staking
Ethereum's native token, Ether (ETH), saw its worst daily performance of the year as the U.S. Securities and Exchange Commission (SEC) stopped Kraken, a cryptocurrency exchange, from offering crypto staking services.
Ripple CEO Urges Crypto Community To Find Strength in Regulatory Efforts Outside US
Ripple Chief Executive Officer Brad Garlinghouse has opted to show that crypto regulatory efforts are progressing quite positively abroad, despite regulatory pushback in the United States.
US SEC Crypto Staking Crackdown Benefits Decentralized 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 Bloomberg on February 10.
SEC Commissioner Blasts ‘Paternalistic and Lazy’ SEC
SEC Commissioner Hester Peirce lashed out at her own agency on Thursday over its decision to slap Kraken with two charges — forcing the crypto exchange to shutter its staking operations. Kraken settled on both SEC counts and forked out $30 million as part of the deal. Peirce said in a statement she disagreed with the outcome and was therefore dissenting. “A paternalistic and lazy regulator settles on a solution like the one in this settlement,” she said. (Blockworks)
‘Agent of an Anti-crypto Agenda’ — Community Slams Gensler over Kraken Crackdown
Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States. On Feb. 9, the United States Securities Exchange Commission (SEC) announced it had settled charges with Kraken over “failing to register the offer and sale of their crypto-asset staking-as-a-service program,” which it claims is qualified as securities under its purview. Kraken agreed to settle the charges by paying $30 million in fines and to immediately cease the staking services to U.S. retail investors, though it would continue to be offered offshore. (Cointelegraph)
