Sunday, April 28, 2024
Home > ICO > Liquid Staking Tokens Rally as Kraken Shuts Staking Service to Settle With SEC

Liquid Staking Tokens Rally as Kraken Shuts Staking Service to Settle With SEC

Staking is the consensus mechanism to validate transactions for proof-of-stake blockchains, including Ethereum, which also offers a way for investors to earn yield on their digital asset holdings. However, the SEC has been vocal about its concerns that staking services are the equivalent of unregistered securities according to present regulations.

Original Source