Not long since SEC Chairman SEC to combat Cryrypto stepped down, however the encryption market appears to have already heal greatly. KAKEN, Exchang, Kaken, has announced the re -service of Stoke Service to its customers in the United States.
Why Kraken stopped temporarily before
On February 9, 2023, the Securities and Stock Exchange Commission (SEC) ordered an exchange of encryption to end the exciting service due to allegations that they were selling unregistered securities. Under the unclear image of the regulatory framework of encrypted currencies, it also faced encryption exchange 30 million dollars in penalties.
“Whether it is through deception as a service, lending, or other means, coding brokers when submitting investment contracts in exchange for investor symbols, you need to provide the appropriate disclosure and guarantee that our securities laws require,” SEC Gary Gensler I mentioned In public relations.
Staling on Kraken allows users to earn bonuses by holding their encrypted currencies to help secure Blockchain network or participate in commitment -based protocols. Kraken provides estimated annual rewards based on network conditions.
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Kraken announced that customers in 39 qualified American states can now participate in Stoke Bonded through Kraken Pro. Users in the specific states can share 17 assets, including ETH, Sol, Dot and Ada. Moreover, American customers can now benefit from a third -party insurance reduction, which also provides additional protection against potential losses due to network sanctions.
Trump Effect: Convert in SEC position
During the era of the new administration of US President Donald Trump, the cryptocurrency sector is witnessing a major shift in the SEC approach to regulating digital assets.
On January 23, SEC released the SAB 122, SAB 121, provided by SEC’s previous hostile leadership. SAB 121 requires companies that hold encryption assets to register both responsibility and identical assets to protect those assets. With its removal, companies that followed SAB 121 will witness major changes in their financial reports.
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