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SEC Complaint Against Krakenwww.sec.gov/litigation/complaints/2023/comp-pr2023-25.pdf
570 sats \ 8 comments \ @kr 9 Feb 2023 bitcoin
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324 sats \ 0 replies \ @faithandcredit 9 Feb 2023
The most responsible exchange that has weathered all the storms since 2013 and SEC decides to file a complaint
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259 sats \ 0 replies \ @TNStacker 10 Feb 2023
Kraken email announcement from 9 February 2023
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258 sats \ 0 replies \ @satcat 10 Feb 2023
Ah, the chickens are coming home to roost. This is great for Bitcoin!
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11 sats \ 3 replies \ @shyfire 9 Feb 2023
wen coinbase?
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0 sats \ 0 replies \ @orthwyrm 10 Feb 2023
Soon, if Brian Armstrong's recent Twitter posts are anything to go by.
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0 sats \ 1 reply \ @2big2fail 10 Feb 2023
has to be soon. don't they also offer staking yield.
however this is infuriating to a business. the sec could have just issued a statement that they view staking services as a security instead of issuing a fine.
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0 sats \ 0 replies \ @shyfire 10 Feb 2023
Absolutely @ infuriating
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0 sats \ 0 replies \ @cryptocoin 9 Feb 2023
Here's the SEC's press release:
https://www.sec.gov/news/press-release/2023-25
And here's the Tweet that kicked off the Twitter thread from the SEC announcing this:
Today we charged Kraken with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for staking in exchange for advertised annual investment returns of as much as 21 percent.
https://www.sec.gov/news/press-release/2023-25
https://twitter.com/SECGov/status/1623777921499336710 [Nitter]
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