Anthony Scaramucci, Coinbase boss Brian Armstrong and other crypto bigwigs are raging about the 'lazy' SEC's crackdown on Kraken's staking service. Here's what 8 luminaries have to say.
"We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen," Armstrong"Regulation by enforcement doesn't work. It encourages companies to operate offshore, which is what happened with FTX," he added.
"A paternalistic and lazy regulator settles on a solution like the one in this settlement: do not initiate a public process to develop a workable registration process that provides valuable information to investors, just shut it down.""The storefronts and casinos people are investing in need to comply and disentangle bundled products. The business model is rife with conflicts," Gensler told CNBC.
"If you want to offer crypto staking, come into the SEC… so that we can sue you in person rather than waiting to do it later?" Melker said in a"These events, along with other recent developments such as Binance halting USD withdrawals and deposits, Signature bank distancing themselves from crypto, the SEC investigating Kraken for selling unregistered securities, and the Federal Reserve denying Custodia's application for a master account, all point to mounting pressure against...
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase shares fall as SEC takes crypto staking action against KrakenCoinbase shares fell after SEC action against rival Kraken, and from prior comments from CEO Brian Armstrong on the dangers of restricting crypto staking.
Read more »
Coinbase’s Staking Service Faces Questions After Kraken’s SEC SettlementCrypto exchange Kraken on Thursday agreed with the SEC to pay a $30 million fine and shutter its staking platform for U.S. customers to settle charges concerning the offering unregistered securities.
Read more »
Crypto firm Kraken probed by SEC over unregistered securities: BloombergCrypto exchange Kraken is embroiled in an SEC probe over whether it sold unregistered securities, report says
Read more »
Kraken Faces SEC Probe over Unregistered Securities Sales | CoinMarketCapThe major U.S. exchange is reported to be close to a settlement with the Securities and Exchange Commission that might require it to register as a securities broker-dealer.
Read more »
Kraken Agreed to Shutter Crypto-Staking Operations to Settle SEC Charges: SourceSCOOP: krakenfx agreed to shut crypto-staking service in SECgov settlement, according to a source. nikhileshde reports
Read more »
Kraken to halt sale of securities through crypto staking services: SECKraken, one of the world’s largest crypto exchanges, on Thursday agreed to stop offering or selling securities through crypto asset staking services, and pay...
Read more »