Kraken

A surprise settlement between the U.S. Securities and Exchange Commission (SEC) and Kraken, a leading crypto exchange platform, raised existential questions for the future of “staking” on blockchains like Ethereum. Andrew Keys, co-founder and president of DARMA Capital, discusses the lessons learned from Kraken's SEC settlement. Plus, insights into what to expect from Ethereum's upcoming Shanghai upgrade.

24 feb 2023

Crypto exchange Kraken is paying a $30 million fine to the U.S. Securities and Exchange Commission (SEC) for not registering its staking-as-a-service program in the U.S. Head of OTC Options Trading Juthica Chou discusses her outlook for staking.

23 feb 2023

As crypto exchange Kraken comes under increased regulatory scrutiny from the SEC to pay a $30 million fine for not registering the offering and sale of its crypto asset staking-as-a-service program, Kraken Head of OTC Options Trading Juthica Chou discusses the outlook for staking and the state of U.S. crypto regulation at large. Plus, her take on Blur overtaking OpenSea amid a brewing NFT marketplace turf war.

23 feb 2023

Bitcoin (BTC) has had a strong start at the beginning of 2023, outperforming other traditional risk assets. However, the bullish momentum has stalled since Feb. 16, with the cryptocurrency failing multiple times to secure a foothold above the $25,000 mark. This comes as the U.S. Securities and Exchange Commission (SEC) is taking aim at crypto exchanges like Kraken. Teddy Fusaro, Bitwise Asset Management President, weighs in on market sentiment saying, "the regulatory developments are positive."

21 feb 2023

SEC Chair Gary Gensler is warning other platforms to "take note" of crypto exchange Kraken's move to halt its staking service in the U.S. and cough up a $30 million fine. This comes as Coinbase CEO Brian Armstrong tweeted that his exchange's staking services are not securities and "we will happily defend this in court if needed." Coinbase Chief Policy Officer Faryar Shirzad joins the conversation.

17 feb 2023

Coinbase Chief Policy Officer Faryar Shirzad discusses the outlook for the crypto exchange and digital asset regulation at large on the heels of the U.S. Securities and Exchange Commission (SEC) suing Terraform Labs and its co-founder Do Kwon for misleading investors. Plus, reaction to Kraken ending its crypto staking-as-a-service platform for U.S. customers and its $30 million settlement with the SEC.

17 feb 2023

Door Dan Ilett, Cam Thompson, Danny Nelson, Benjamin Schiller, Danny Bradbury16 feb 2023

Kraken settled charges with the U.S. Securities and Exchange Commission for $30 million and ended its U.S. crypto staking program as a result. TuongVy Le, Bain Capital Crypto Partner and former Chief Counsel at the U.S. Securities and Exchange Commission (SEC)'s Office of Legislative and Intergovernmental Affairs, discusses her take on how the SEC might be approaching staking and what this means for crypto staking overall in the U.S.

14 feb 2023

Bain Capital Crypto Partner and Head of Regulatory and Policy TuongVy Le weighs in on the U.S. Securities and Exchange Commission's recent settlement with crypto exchange Kraken and its Wells Notice to Paxos. As the former Chief Counsel at the SEC's Office of Legislative and Intergovernmental Affairs, she notes "blindly and mechanically applying the existing securities laws...could potentially kill something like staking."

14 feb 2023

TuongVy Le, Bain Capital Crypto Partner and Head of Regulatory and Policy, reacts to Paxos saying that it has received a Wells Notice from the U.S. Securities and Exchange Commission, indicating a possible enforcement action based on the charge that its Binance USD constitutes an unregistered security. Plus, the potential implications for Kraken halting all U.S. staking operations as part of a $30 million settlement with the SEC.

14 feb 2023