Crypto exchange Kraken and the U.S. Securities and Exchange Commission have settled over staking.pay a $30 million penalty and immediately cease its U.S. service
. But, more importantly, staking continues in the United States. Staking refers to locking tokens for a set period to help support the operation of a blockchain. Liquid staking, on the other hand, issues a derivative token that represents the amount of locked tokens to user, allowing them to access decentralized finance services such as lending and borrowing.
The way Kraken offered staking was unique, which is why the exchange’s service was shuttered and the SEC didn’t go after Coinbase or make a move on decentralized liquid staking protocols.that Kraken is one of the largest validators, operating a big staking pool.
Liquid staking protocols such as Lido and Rocket Pool wouldn’t have that same problem. One could track their ether from their wallet into the pool via a block explorer or other chain monitoring tools.
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