The SEC confirmed Kraken would shut down its staking services for U.S. customers to settle charges with the organization. It is reported that the SEC voted on the settlement during a closed-door commissioner meeting. Kraken offers a number of services under its staking umbrella, including crypto-lending products offering up to 24% yield which is also expected to shut down under the settlement. While Kraken’s staking service offered a 20% APY, promising to send customers staking rewards twice per week, according to its website.
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