Cryptocurrency exchange Kraken has reportedly reached an agreement with the US Securities and Exchange Commission (SEC) to settle the commission’s charge of failing to register the offer and sale of crypto asset staking-as-a-service program. The SEC said the company had been offering crypto staking services to US users since 2019 without even giving its financial condition and the means of paying the advertised returns to the customers. The exchange agreed to halt its staking program for US users and pay $30 million in disgorgement, prejudgment interest, and civil penalties.
Source: https://cointelegraph.com
