Kraken ends its crypto-staking services for US clients following $30M SEC charge
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Summary：Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. In response to the settlement, Kraken has agreed to end its on-chain staking services for U.S. clients, a spokesperson for the exchange told TechCrunch. As part of the settlement, Kraken has neither admitted nor denied the SEC’s allegations, the spokesperson added.

Kraken has settled charges with the U.S. Securities and Exchange Commission (SEC) and is shutting down its on-chain staking program, the government agency shared on Thursday. In response to the settlement, Kraken has agreed to end its on-chain staking services for U.S. clients, a spokesperson for the exchange told TechCrunch. As part of the settlement, Kraken has neither admitted nor denied the SEC’s allegations, the spokesperson added.

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