Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto
Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt. Go to Source Powered by WPeMatico
Kraken
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SEC vs. Kraken: A one-off or opening salvo in an assault on crypto?
The U.S. Securities and Exchange Commission may be focused on custodial staking programs today, but does it also have proof-of-stake blockchain networks in its sights? Go to Source Powered by WPeMatico
Terraform Labs and CEO Do Kwon Charged by SEC With Multibillion-Dollar Crypto Fraud
The U.S. Securities and Exchange Commission (SEC) has charged Terraform Labs and its CEO, Do Hyeong Kwon, with fraud, alleging that Kwon and his company orchestrated “a multibillion-dollar crypto-asset securities fraud.” The securities watchdog insists that Kwon raised billions from investors by creating an “interconnected suite of crypto-asset securities,” many of which were involved in … Read more
The SEC shook Kraken down for $30M, but it doesn’t mean they had a case
Kraken agreed to a settlement with the SEC, but that didn’t change the law. Staking does not constitute a security. Go to Source Powered by WPeMatico
South Korea to examine crypto staking services following the Kraken case
No details on the timeline and methods of the examination were provided, but reportedly it would be conducted moderately as no wrongdoings have been registered in the country. Go to Source Powered by WPeMatico
Expect the SEC to use its Kraken playbook against staking protocols
Some observers have suggested the SEC’s action against Kraken will push users toward DeFi protocols. The reality is that the SEC is coming for those as well. Go to Source Powered by WPeMatico
Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report
Bitcoin price recaptured the $22,000 level, but pending regulatory action against stablecoins and today’s CPI report are front of mind for many investors. Go to Source Powered by WPeMatico
Regulation comes for crypto staking: Law Decoded, Feb. 6–13
Even the SEC Commissioner has publicly rebuked her agency over the shutdown of Kraken’s crypto staking program. Go to Source Powered by WPeMatico
Coinbase Argues Its Staking Services Are Not Securities, Criticizes SEC Regulatory Approach
Coinbase, one of the biggest cryptocurrency exchanges in the U.S., has stated that the staking services offered on its platform do not constitute securities. The statements, made in the wake of the $30 million settlement that Kraken, another U.S.-based crypto exchange, completed with the U.S. Securities and Exchange Commission (SEC), also criticize the institution’s approach … Read more
Coinbase will ‘happily defend’ staking in U.S. courts, says CEO
Coinbase executives claim that staking is not a security under the US Securities Act or Howey test. Go to Source Powered by WPeMatico