Kraken Agreed to Shutter Crypto-Staking Operations to Settle SEC Charges: Source

From coindesk.com

Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source briefed on the matter. The SEC will discuss and vote on the settlement during a closed door commissioner meeting on Thursday afternoon, and an announcement may come later in the day, the industry source told CoinDesk. A second source anticipates an announcement around 4 p.m. New York time (21:00 UTC). A Kraken spokesperson declined to comment. SEC spokespeople didn’t immediately return requests for comment. Kraken offers a number of services under ... (full story)