Kraken Brings Back Crypto Staking for U.S. Customers
Kraken has reintroduced its on-chain staking services for U.S. clients across 39 states, offering the opportunity to stake 17 different assets, including ETH, SOL, DOT, and ADA. This move marks a renewal of staking options after the exchange suspended its staking-as-a-service platform in March 2023 following SEC charges concerning unregistered securities, resulting in a $30 million settlement. Mark Greenberg, Kraken’s Global Head of Consumer, emphasized the importance of staking as foundational to the cryptocurrency ecosystem. The new staking product includes slashing insurance from a third-party provider to protect U.S. customers' assets. This reinstatement appears to coincide with a softer regulatory environment under the current administration, signaling a shift away from the harsh measures previously imposed by the SEC.
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