Crypto Exchange Kraken Ends Staking Program in $30 Million SEC Settlement

(Bloomberg) -- Kraken will pay $30 million to settle Securities and Exchange Commission allegations that it broke US rules with its cryptoasset staking products and will discontinue them in the US as part of the agreement with the regulator.Most Read from BloombergCommodity Trader Trafigura Faces $577 Million Loss After Uncovering Nickel FraudRussia Blames US for Nord Stream Blasts, Threatens ConsequencesChina’s Balloon Was Capable of Spying on Communications, US SaysChinese Balloon Was Part of