Former SEC Attorney: Kraken Action Not a Condemnation of ‘Staking Writ Large’

The Securities and Change Fee’s (SEC) shutdown of crypto change Kraken’s U.S. staking-as-a-service enterprise might definitely result in a wider trade crackdown. Nonetheless, “this isn’t a condemnation of staking writ giant,” mentioned Zachary Fallon, a former particular adviser to the regulator’s basic counsel and beforehand senior particular counsel to the director of the SEC’s Division of Company Finance.