By Davis Quinton and Frank Chaparro. February 20, 2023. (The Block). SEC Commissioner Hester Peirce opposes her agency’s recent targeting of Kraken’s staking program in the US.  “If investor protection is about just shutting programs down or preventing people from purchasing certain things — that’s a very unimaginative form of investor protection,” Commissioner Peirce said. In this episode, Commissioner […]

By Vicky Ge Huang, Patricia Kowsmann and Dave Michaels. February 12, 2023. (Wall Street Journal). The Securities and Exchange Commission has told crypto firm Paxos Trust Co. that it plans to sue the company for violating investor protection laws, according to people familiar with the matter, the latest move in the agency’s escalating campaign in crypto enforcement. The SEC’s enforcement staff […]

By Max Koopsen. February 10, 2023. (Decrypt). Yesterday, the Securities and Exchange Commission announced its enforcement action against Kraken, forcing the crypto exchange to shut down its staking service in the U.S. and pay a $30 million fine. Kraken’s staking service offered its customers an opportunity to earn rewards by depositing their crypto into various yield-generating protocols, advertising up […]