In this special report, NTD takes a look at the latest in the crypto crackdown. Crypto firm Kraken has shut down its U.S. crypto staking services and paid the Securities and Exchange Commission (SEC) a $30 million penalty. SEC charged Kraken with offering these staking services, without first registering them. This outcome will impact other crypto firms that also offer these profitable staking services. we talk to experts to get their views on the SEC’s crackdown.
So, what is staking? It’s quite complicated. But to put it simply, investors would put their cryptocurrencies in a Kraken account, and Kraken would give them rewards for doing that, similar to earning interest.
