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.
Here's the SEC's press release:
https://www.sec.gov/news/press-release/2023-25
And here's the Tweet that kicked off the Twitter thread from the SEC announcing this:
https://twitter.com/SECGov/status/1623777921499336710 [Nitter]