CRYPTO REGULATION UPDATE KRAKEN FINED $30M AND MORE COMING!
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CRYPTO REGULATION UPDATE KRAKEN FINED $30M AND MORE COMING!
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The Securities and Exchange Commission (SEC)’s complaint against Kraken alleges that Kraken sold an investment contract to the general public where investors transferred certain assets to Kraken for staking in exchange for annual investment returns (Kraken Staking Program). Kraken settled this action with a $30 million fine, 66.6% of its revenue from American users.
Full blog here: https://www.hodder.law/post/sec-s-enforcement-action-against-kraken
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