Kraken re-instates crypto staking after $30m SEC settlement
After the Securities and Exchange Commission ordered Kraken to close its United States staking platform in 2023, the exchange has reopened cryptocurrency staking for specific tokens in select states. Kraken has re-introduced cryptocurrency staking services for customers in 39 eligible states, nearly two years after settling a case with the Securities and Exchange Commission. In […]
DCG to pay $38m in SEC settlement for misleading investors
Former Genesis CEO Michael Moro has been sanctioned by the U.S. Securities and Exchange Commission as part of a 2023 lawsuit against its parent company, Digital Currency Group Digital Currency Group, a crypto-focused investment conglomerate, has reached a $38 million settlement agreement with the SEC for misleading investors about risks tied to the now-defunct hedge […]
Robinhood hit with $45m SEC settlement over securities violations
Robinhood has agreed to a $45 million settlement with the United States Securities and Exchange Commission after its broker-dealer entities were found to have violated multiple securities laws. An SEC order made public on Jan. 13 claims that Robinhood Securities LLC and Robinhood Financial LLC committed over 10 violations of securities law provisions ranging from […]
