Internal Response to SEC Pressure: No One Was Consulted

Hester Peirce, a US Securities and Exchange Commission (SEC) official, reacted to the decision to stop staking services about the cryptocurrency exchange Kraken.

Hester Peirce announced at a student conference at the University of Pennsylvania that the SEC’s lawsuit against cryptocurrency exchange Kraken bad practice example stated that.

Before the SEC took this decision, neither Kraken nor any leading institution in the cryptocurrency industry taking steps without consulting Perice, stating that the decision “arbitrary” defined as.

While Peirce stated that a constructive solution is not possible with such an approach, he did not hide his anger at the situation:

The decision on Kraken was nothing more than a “let’s get it off” attitude. This is not the solution.

As a result of a recent decision by the SEC, Kraken has submitted to the regulator. paying a fine of 30 million agreed and decided to terminate staking services.

source site-9