Kraken was one of the many crypto firms targeted by the Securities and Exchange Commission under former Chair Gary Gensler’s leadership.
Crypto exchange Kraken has resumed staking services for US clients for the first time in nearly two years. Customers’ ability to stake had been paused since 2023, when the exchange reached a multimillion-dollar settlement with the Securities and Exchange Commission over the services.
Customers in 37 US states will now be able to access staking services for 17 digital assets, including Ether (ETH ), SOL (SOL ) and Cardano’s ADA (ADA ).
Kraken was among the first crypto exchanges to provide staking services to customers, which it began offering in 2019. The exchange agreed to stop providing the services in February 2023 as part of a $30 million settlement with the SEC.
Read more,# Kraken Staking Services Make A Comeback, Like Your Favorite 90s Boy Band
## Key Points:
– Kraken has flipped the switch back on for US clients’ staking services, after nearly two years of being grounded.
– This redemption arc comes after a hefty settlement with the SEC in 2023, when Kraken had to temporarily close up shop on staking.
– Customers in 37 US states can now stake 17 digital assets including famous players like Ether (ETH), SOL (SOL), and Cardano’s ADA (ADA).
– Kraken was a pioneer in offering staking services back in 2019. They had to hang up their hats for a bit but are back in the game now.
### Hot Take:
Well, look who decided to make a dramatic return to the staking stage! Kraken’s back, everyone, and it seems they’ve ditched the SEC drama for the thrill of staking excitement. Let’s just hope they come back with better music than our awkward high school years; their 2019 hits should still be fresh! Who knew crypto could have such a penchant for drama? 🎤 #StakingIsBack #KrakenReturns #CryptoDrama
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JustInvestNews, Kraken, StakingOriginal article: https://cointelegraph.com/news/kraken-restores-staking-services-us-after-two-year-hiatus?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
