The Securities and Exchange Commission ordered Crackon to close its United States stacking platform in 2023, the exchange has reopen the cryptocurrency stacking for specific tokens in select states.
Crackon has re -introduced cryptocurrency Expressed Nearly two years of settlement of a case with services, securities and exchange commissions for customers in 39 eligible states.
In February 2023, Crackon agreed to pay a fine of $ 30 million to resolve federal allegations, alleging violation of securities. A portion of the deal ordered the Crypto Exchange to shut down its staking-e-service business and finally stake for American customers.
The new business offer through the Crackon Pro will allow us to stake 17 digital assets to stake, including the atherium (ETH), Solna (Sol), and Cardano (ADA).
Additionally, the service will adopt a bonded staking model, for which users need to lock their tokens for a predetermined period. The lock-up period will vary depending on the individual blockchain network. Crackon also stated that slashing insurance would be implemented, which would provide more risk management for users.
hodl? nah. STAKE with Kraken 📊
Staking is back for some US clients!
⚙️ Stake anytime
💰 APRs that will make HODLers jealous
🛡 The security you deserve while earning on $ETH, $DOT, $ADA & more
Start here 👉 https://t.co/TQ9wMLprXK pic.twitter.com/28lInrxEJE
— Kraken Pro (@krakenpro) January 30, 2025
Despite the previous action by the Securities and Exchange Commission, the relationship of staking services in the United States may indicate the transfer of regulatory conditions.
The return of President Donald Trump at the White House has brought a crypto-centered policy agenda aimed at establishing clear rules for the digital asset industry. Initial indications suggest a different approach from previous administration, in which Pro-Cryptocurrency authorities have nominated for major regulatory positions.
In addition, the decision to resume the stacking of the crackon may indicate progress to regulator clarity about yield-generating services.
For years, the Securities and Exchange Commission has taken a strong stance against staking, which classifies the on-chain business model as an offering an unregistered securities. However, with a new administration and growing calls for comprehensive digital asset rules, this stance may soon change.
