‘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.
SEC Commissioner Admits Her Colleagues Performed a “Shorthand” Analysis on XRP
SEC Commissioner Hester Peirce concedes that her colleagues at the United States Securities and Exchange Commission (SEC) failed to carefully analyze the digital token XRP before filing the lawsuit against Ripple in December 2020. Recall that the SEC official had earlier said that Ripple would win the long-standing XRP lawsuit.
Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement
Crypto exchange Kraken will “immediately” end its crypto staking-as-a-service platform for U.S. customers and pay $30 million to settle Securities and Exchange Commission (SEC) charges it offered unregistered securities, the U.S. agency announced Thursday.
Why Is The SEC So Determined To End Crypto?
As cryptocurrencies continue to gain popularity and widespread adoption, they have come under increased scrutiny from regulators, particularly the U.S. Securities and Exchange Commission (SEC).
Venture Capital Expected To See More Regulatory Scrutiny After FTX
The Commodity Futures Trading Commission's Christy Goldsmith Romero spoke about a "trust deficit" among venture capital firms in a speech delivered last month. Romero added there should have been red flags regarding FTX, giving voice to growing rumbling from Washington about the industry.
U.S. SEC Probes Kraken Over Sale of Unregistered Securities
The United States Securities and Exchange Commission (SEC) is probing major American crypto exchange Kraken over its unregistered securities offerings to U.S. investors.
Lido DAO Governance Token Surges on Armstrong Comments About SEC Staking Ban
The governance token for the liquid staking platform Lido has surged on rumours boosted by Coinbase CEO Brian Armstrong that the Securities and Exchange Commission (SEC) might ban staking for retail customers. LDO, the governance token of the decentralized autonomous organization behind Lido, surged around 11% in the immediate aftermath of the comments, and is up around 8.4% in the past 24 hours. (Coindesk)
Coinbase CEO Says SEC Wants To Ban Retail Staking
Coinbase CEO Brian Armstrong said on Feb. 8 that his company has heard rumors that the United States’ main securities regulator intends to ban staking.
SEC Cracks Down on Kraken for Offering Unregistered Securities
The U.S. Securities and Exchange Commission (SEC) has reportedly been investigating crypto exchange Kraken for possible violations of offering unregistered securities in the country. It still isn’t apparent which crypto tokens or offerings are drawing scrutiny by the financial watchdog.
SEC Targets Registered Crypto Advisors As Top Priority for 2023
The U.S. Securities and Exchange Commission (SEC) released its top priorities for 2023 on Feb. 7, in which it highlighted the need for greater attention to those advising investors to participate in crypto projects without proper accreditations.
