SEC Did Not Consult Industry Before Kraken Crypto Staking Charges: Commissioner Peirce

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“We had not tried to take a seat down with folks within the business” to debate staking, the method by which crypto holders delegate their tokens to validators with a purpose to earn crypto rewards, Peirce mentioned. She mentioned the SEC has identified about staking for a very long time, and its determination to strike now was “arbitrary,” as was its concentrating on of Kraken’s staking enterprise first.

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