BTC
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4.64%HYPE
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2.82%
00:04:33:41
‘A Paternalistic and Lazy Regulator’: What the SEC-Kraken Staking Settlement Means for Crypto
Kraken has agreed to end its staking-as-a-service program in the U.S. and pay a $30 million fine.
Listen or watch all the new CoinDesk podcast episodes wherever you want.
ABOUT
On this edition of the “Weekly Recap,” NLW goes over the latest front in the crypto wars. On Thursday, the Securities and Exchange Commission announced a $30 million settlement with Kraken over their staking-as-a-service program. The move is rumored to be part of a much larger offensive against crypto involving numerous government offices.
See also: Are the Remaining Crypto Giants Staring Down the Barrel of the US Government’s Gun?
“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Alex Wong/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
HOST
Nathaniel Whittemore
NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.
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