Kraken Brings Back Crypto Staking for US Customers
Kraken re -introduced the cryptocurrency of U.S. customers in 39 states. This reflects the major transformation of the country’s crypto supervision environment.
This move was stopped for nearly two years after Kraken stopped its equity service due to SEC’s legal lawsuit.
The change of the SEC can enhance the encryption service of Kraken’s encryption company
This change reflects a greater change in the US cryptocurrency policy. President of Donald Trump stated that the term of law enforcement in the active pursuit of SEC, including violating law enforcement actions.
Kraken has previously closed its stock service platform in February 2023. It also paid $ 30 million in settlement for the accusations that provided unregistered securities.
Customers in eligible states can now bet 17 assets, including Ethereum (ETH), Sorana (solid), Polkadot (DOT) and Cardano (ADA). Kraken also launched a third -party cutting insurance to increase the protection of US users’ storage assets.
The exchanges have been expanding their products. In December, the company Launch ink, blockchain on the 2nd floor It aims to enhance the decentralization and interoperability of power.
Despite the slow regulatory position in the United States, Cleken is still facing a legal struggle. Federal Judge recently Rejected the company’s argument SEC lacks power to cryptocurrencies under the “main problem theory”.
However, Kraken can still be confused by asserting that it has not been explicitly guided, that is, its service violates the securities law. Howey test.
Outside the United States, Craken’s Australian subsidiary was fined $ 8 million Australian Securities and Investment Commission (ASIC). The regulatory agency found that the platform provided unauthorized unauthorized Margin transaction Products to more than 1,100 customers.
It does not comply with regulatory requirements, including lack of target market determination (TMD). ASIC lists these disadvantages for the cause of major investors’ losses.
In addition, Craken decided Stop its NFT market By February 27, 2025, the company will re -assign resources to other companies NFT department Struggling in transaction activities, overrived saturation and decline in asset value.
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