The most responsible exchange that has weathered all the storms since 2013 and SEC decides to file a complaint
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Ah, the chickens are coming home to roost. This is great for Bitcoin!
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wen coinbase?
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Soon, if Brian Armstrong's recent Twitter posts are anything to go by.
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has to be soon. don't they also offer staking yield.
however this is infuriating to a business. the sec could have just issued a statement that they view staking services as a security instead of issuing a fine.
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Absolutely @ infuriating
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Here's the SEC's press release:

And here's the Tweet that kicked off the Twitter thread from the SEC announcing this:
Today we charged Kraken with failing to register the offer and sale of their crypto asset staking-as-a-service program, whereby investors transfer crypto assets to Kraken for staking in exchange for advertised annual investment returns of as much as 21 percent.
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