Simply Bitcoin cover image

Gary Gensler Hits Kraken with a $30 Million Fine | EP 674

Simply Bitcoin

00:00

Crypto Exchange Kraken to Shut Down US Crypto Staking Service Pay $30 Million Fine and SSC Settlements

Kraken will immediately end its crypto staking as a service platform for US customers and pay $30 million to settle securities and exchange commission charges. The SEC said the programs offered the general public access to staking services since at least 2019. Kraken said it would automatically unstick any assets staked by US clients except for stake ether.

Play episode from 20:44
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app