Crypto exchange Kraken settles with SEC for $30 million, will close U.S. staking operation
Publishing timestamp: 2023-02-09 15:57:18
Summary
Crypto exchange Kraken will pay a $30 million fine to settle an enforcement action alleging it sold unregistered securities. SEC claims Kraken failed to register offer and sale of its crypto staking-as-a-service program. Coinbase shares slid sharply after CEO Brian Armstrong warned that potential SEC action in retail crypto staking would be "terrible path."
Sentiment: NEGATIVE
Tickers: COIN,
Keywords: technology, fintech, business news, cryptocurrency, cryptocurrency exchanges, breaking news, investment strategy, breaking news: technology, united states, coinbase global inc,