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Kraken Staking Program Penalized by SEC

The SEC charged Kraken with offering and selling Kraken’s Staking Program as an unregistered security. Kraken, more formally known as Payward Venture and Payward Trading. Kraken has agreed to pay to cease selling securities through this service and pay $30 million.

Kraken the Whip – Kraken Penalized Over Staking-as-a-Service | Polsinelli

On February 9, 2023, the U.S. Securities and Exchange Commission (the “SEC”) charged Kraken with offering and selling Kraken’s Staking Program – its staking-as-a-service product – as an.

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