Kraken Relaunches Crypto Staking Services for U.S. Users Amid Regulatory Shift
Cryptocurrency exchange Kraken has resumed offering crypto staking services to its U.S. customers, signaling a shift in the regulatory landscape for crypto companies under President Trump's administration.
Key Takeaways:
* Kraken's reintroduction of staking services follows a previous settlement with the SEC over similar offerings.
* Staking allows crypto investors to earn rewards by locking their assets in a pool used for transaction validation.
* Kraken Pro users in 37 states can now stake 17 digital assets, including Ethereum, Solana, and Cardano.
The move by Kraken is indicative of a more favorable regulatory environment for crypto companies in the U.S., marked by President Trump's executive order on digital assets and the SEC's recent shift in tone toward the industry.