SEC crackdown on Kraken staking program The cryptocurrency platform Kraken has been forced to end its staking program in the United States and pay a 30 million dollar fine after not registering the program. The Securities and Exchange Commission says that the crypto exchange sold unregistered securities to the American people without proper disclosure. According to the SEC, more than 135,000 American platform users registered to stake their holdings in Kraken's new program. (Source: SEC.gov ) SEC chair Gary Gensler said in an interview with Andrew Ross Sorkin on CNBC's morning market show "Squawk box" that the problem is not the staking program itself but rather that they were not disclosing the risk. (Source: CNBC ) The Security and Exchange Commission claims they are technology neutral, and staking is allowed as long as the platforms are registered correctly with the SEC and staking risks are disclosed in accordance with the law. ...