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    Kraken Relaunches Staking for U.S. Customers in 39 States After SEC Settlement

    Kraken Relaunches Staking for U.S. Customers in 39 States After SEC Settlement

    14 postsDeFiRegulationCrypto

    Kraken, a prominent cryptocurrency exchange, has relaunched its on-chain staking services for U.S. customers in 37 states and 2 territories, nearly two years after settling charges with the U.S. Securities and Exchange Commission (SEC). The new staking product, distinct from the one settled with the SEC in February 2023, allows clients to participate in bonded staking, where they can stake 17 assets including Ethereum (ETH), Solana (SOL), Polkadot (DOT), and Cardano (ADA) through Kraken Pro. This move is seen as a positive development for the U.S. crypto space, with Kraken's Global Head of Consumer, Mark Greenberg, emphasizing the role of staking in bolstering the security of blockchain networks. The relaunch comes in a more crypto-friendly regulatory environment following the election of President Donald Trump, who has promised to support the digital asset industry. Additionally, U.S. clients' assets are covered by slashing insurance from a third-party provider.

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