Kraken suspends staking service for US customers ─ Settlement with SEC about 3.9 billion yen | coindesk JAPAN | Coindesk Japan

Crypto asset (virtual currency) exchange Kraken “immediately” suspended its crypto asset staking service for U.S. customers on February 9, accusing the SEC of offering unregistered securities. ) announced that it will pay 30 million dollars (about 3.9 billion yen) as a settlement money.

Kraken blogs that assets staked by US customers will be automatically unstaked, except for Ethereum (ETH), which will not be unstaked until the next major update to the Ethereum blockchain, “Shanghai,” takes place. Says. Customers outside the US are unaffected.

The SEC sued Kraken on February 1.

“Whether through staking-as-a-service, lending or other means, if a cryptocurrency intermediary offers an investment contract in exchange for an investor’s tokens, the securities laws We need to provide the appropriate disclosures and safeguards we seek.Today’s efforts require that staking-as-a-service providers register and provide full, fair and reliable disclosures and investor protections. It makes it clear to the market that we have to,” said SEC Chairman Gary Gensler.

Besides Coinbase, DeFi (decentralized finance) protocols like Lido also offer staking services.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Kraken website (capture)
｜Original: Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement