SEC’s Krakdown on Staking-as-a-Service
SEC v Kraken, Settlement & its Legal Implications, Death of Staking?
6 min readFeb 25, 2023
TLDR; The SEC filed a complaint against Kraken for offering an unregistered securities offering involving staking, which Kraken settled out of court for $30 million. While staking is not threatened by the SEC’s anti-crypto mandate, staking-as-a-service providers in the US face an…