SEC Bans Crypto Staking Service on Retail Institutions

1 month ago Tekedia

The Security and Exchange Commission [SEC] has banned Crypto Staking in the USA for retail institutions. SEC also charged Kraken Exchange for running Crypto staking program as a service not as a security. If you want to pledge on a centralized platform, you must accept supervision, but you can also choose a decentralized platform, which seems to make the decentralized platform stronger. Gary Gensler and the SEC aren’t looking to ban all staking, but rather want to increase the fiduciary responsibility of centralized entities offering staking as a service. It also likely means that decentralized staking protocols like LidoFinance and Rocketpool are in the clear as the funds transfers are transparent and onchain.
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Crypto Staking Rewards Calculator

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