‘Agent of an anti-crypto agenda’ — Community slams Gensler over Kraken crackdown
SEC's recent charges against crypto exchange Kraken over its staking program have sent tremors through the crypto industry. Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States. On Feb. 9, the United States Securities Exchange Commission (SEC) announced it had settled charges with Kraken over “failing to register the offer and sale of their crypto asset staking-as-a-service program,” which it claims is qualified as securities under its purview. Kraken agreed to settle the charges by paying $30 million in fines and to immediately cease the staking services to U.S. retail investors, though it would continue to be offered offshore. The move appears to have attracted the ire of not only the general crypto community, but also of investors, politicians, and industry executives. Cinneamhain Ventures partner and Ethereum bull, Adam Cochran called out SEC chie...