Regulation
Gensler Warns Crypto Firms to Take Note of Kraken Case Over Staking
- Top financial regulator made remarks on CNBC Friday morning
- Comments come after Kraken reached $30 million SEC settlement
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Crypto firms have been put on notice about how staking digital assets can run afoul of US financial rules, according to Securities and Exchange Commission Chair Gary Gensler.
Gensler said that a settlement the regulator announced with crypto exchange Kraken on Thursday “should put everyone on notice in this marketplace.” It’s the latest salvo by the SEC chief against an industry he says often skirts his agency’s rules.