Kraken Reaches $30M Settlement With SEC Over Staking As IRS Seeks User Info
"Kraken not only offered investors outsized returns unrelated to economic realities, but also retained the right to pay them no yield," said Gurbir Grewal.
![Kraken reaches settlement of $30 million with SEC on staking as IRS searches for user info](https://s3.cointelegraph.com/uploads/2023-02/ef9d2622-c44f-43d8-8ab1-926e7cbf6ea3.jpg)
![Kraken Reaches $30M Settlement With SEC Over Staking As IRS Seeks User Info](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDIvZWY5ZDI2MjItYzQ0Zi00M2Q4LThhYjEtOTI2ZTdjYmY2ZWEzLmpwZw==.jpg?#)
"Kraken not only offered investors outsized returns unrelated to economic realities, but also retained the right to pay them no yield," said Gurbir Grewal.
![Kraken reaches settlement of $30 million with SEC on staking as IRS searches for user info](https://s3.cointelegraph.com/uploads/2023-02/ef9d2622-c44f-43d8-8ab1-926e7cbf6ea3.jpg)
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