Kraken

The country decided on the review after acknowledging that certain staking services overseas have been suspended, according to local news.

Staking directly on a protocol and staking with Kraken are different things — the latter introducing further risk, according to Hoskinson.

Ryan Selkis callled out Gary Gensler on Twitter, calling Gensler "a fraud" — especially over his links with the banking industry.

Lido Finance's Jacob Blish said if the SEC bans U.S. citizens from interacting with any staking protocols, it could hurt both investors and contributors.

Powell explained why Kraken didn't fight the SEC and expressed hope for the future.

The U.S. securities regulator was blasted for its ham-fisted approach to staking regulation.

The firm will pay a large penalty and face a permanent injunction.

Kraken discharged eight members of its MENA team, keeping the managing director Benjamin Ampen to oversee the transition in the region.