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Kraken settles with SEC over crypto staking — is Coinbase next?

Kraken agrees to pay $30 million and discontinue offering staking-as-a-service in settlement with the SEC.

Kraken exec says it aims to ‘build trust’ one hour before SEC probe leak

Kraken head of strategy Thomas Perfumo appeared on CoinDesk TV one hour before Bloomberg broke news of an SEC probe into the crypto exchange.

The move to close its Abu Dhabi office is likely part of Kraken’s wider cost-cutting measures that have seen it lay off most of its MENA team.

Coinbase says it will pay $50 million to tie up the investigation and the same amount again to bring its compliance programs up to standard.