SEC enforcement in opposition to Kraken opens doorways for Lido, Frax and Rocket Pool

The US Securities and Trade Fee is ramping up strain on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program it supplied to its customers.

The information of the crackdown despatched the value of (BTC) to a three-week low as buyers turned afraid of the regulatory enforcement. Ether’s (ETH) value additionally corrected on the information, cementing the token’s worst-performing day of 2023.

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