SEC enforcement against Kraken opens doors for Lido, Frax and Rocket Pool By Cointelegraph


The United States Securities and Exchange Commission is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program it offered to its users.

The news of the crackdown sent the price of (BTC) to a three-week low as investors became fearful of the regulatory enforcement. Ether’s (ETH) price also corrected on the news, cementing the token’s worst-performing day of 2023.

Lido daily active users and TVL. Source: Token Terminal