On February 9, 2023, the Securities and Exchange Commission (“SECâ€) announced settled charges against Payward Ventures, Inc. and Payward Trading, Ltd. (together, “Krakenâ€) for failure to “register the offer and sale of their crypto asset staking-as-a-service program[.]â€1 This enforcement action raises new questions — and has even spurred criticism from within — about the SEC’s chosen […]
