SEC

Bitcoin Falls Below $22K After Kraken's SEC Settlement

Bitcoin (BTC) and ether (ETH) are dropping after crypto exchange Kraken's $30 million settlement with the U.S. Securities and Exchange Commission. DFD Partners President Bilal...

By CoinDesk Inc

Feb 10, 2023 at 3:30 p.m. UTC

Feb 10, 2023

BitcoinSECcdtvFM Clipcrypto marketsDfd partnersBilal little

Finance

Lido

Ether Liquid Staking Platforms Will Benefit as SEC Actions Likely Fail to Deal DeFi's Knockout Blow

Lido and Rocket Pool didn’t immediately see a massive rush in of capital after Kraken announced it had settled with the SEC.

By Sam Reynolds

Feb 10, 2023 at 1:52 p.m. UTC

Feb 10, 2023

LidoLdoSECKrakenStaking

SEC Chair Gary Gensler (Kevin Dietsch/Getty Images)

Policy

Regulations

SEC Chief Gensler Warns Crypto Firms to Comply With Rules After Kraken Shutters US Staking Program

Other platforms that offer yield-earning programs should "take note" and come into compliance, the regulator said a day after crypto exchange Kraken said it will pay a $30 mil...

By Sandali Handagama

Feb 10, 2023 at 1:50 p.m. UTC

Feb 10, 2023

RegulationsSECGary GenslerKraken

Markets

Bitcoin

Bitcoin Drops Below $22K as Kraken Agreement to Close US Crypto Staking Operations Spooks Investors

The largest cryptocurrency by market capitalization declined after the crypto exchange giant agreed to settle charges with the SEC to shutter the service.

By Jocelyn Yang

Feb 9, 2023 at 8:45 p.m. UTC

Feb 9, 2023

BitcoinSECRegulationMarketsTradingInvestingKraken

Video

Kraken

Kraken Agreed to Shutter Crypto-Staking Operations To Settle SEC Charges: Source; Sam Bankman-Fried Developments

Kraken has agreed to shut its cryptocurrency-staking operations to settle charges with the U.S. Securities and Exchange Commission (SEC), according to an industry source brief...

By CoinDesk Inc

Feb 9, 2023 at 8:23 p.m. UTC

Feb 9, 2023

KrakenSECcdtvSam Bankman-Friedaab clipLewis kaplan

Policy

Regulations

Kraken Agreed to Shutter US Crypto-Staking Operations to Settle SEC Charges: Source

The SEC is meeting in a closed-door session on Thursday.

By Nikhilesh De

Feb 9, 2023 at 7:25 p.m. UTC

Feb 9, 2023

RegulationsSECKrakenSettlementsStakingExclusive

Brian Armstrong in 2019 (Steven Ferdman/Getty Images)

Consensus Magazine

The node

Crypto Would Survive an SEC Crackdown on Staking

Coinbase CEO Brian Armstrong has heard rumors the securities watchdog may go after proof-of-stake services. That may hurt his bottom line but open protocols should survive.

By Daniel Kuhn

Feb 9, 2023 at 6:56 p.m. UTC

Feb 9, 2023

The NodeNewslettersOpinionSECStakingProof-of-StakeCoinbaseBrian Armstrong

Video

Coinbase

LDO Token Jumps Amid Coinbase CEO's Comments About SEC Staking Ban Rumor

LDO, the governance token of the decentralized autonomous organization behind Lido, spiked after Coinbase CEO Brian Armstrong tweeted that he'd heard rumors that the U.S. Secu...

By CoinDesk Inc

Feb 9, 2023 at 6:51 p.m. UTC

Feb 9, 2023

CoinbaseSECBrian ArmstrongcdtvHash clipcrypto regulationLdo

Coinbase CEO Heard ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers

Video

Ethereum

Coinbase CEO Heard ‘Rumors’ the SEC May Ban Crypto Staking for Retail Customers

Coinbase CEO Brian Armstrong tweeted that he's heard rumors that the U.S. Securities and Exchange Commission wants to ban retail investors from engaging in cryptocurrency stak...

By CoinDesk Inc

Feb 9, 2023 at 3:46 p.m. UTC

Feb 9, 2023