Bitcoin dropped below $21.9K amid a wider crypto market downturn that followed news of exchange Kraken's agreement to halt liquid staking on the platform; ALSO: Why are bitcoin whales removing BTC from exchanges? JPRubin23 and GWilliamsJr_CMT write
So much for $24,000. Or $23,000.
“Today’s action should make clear to the marketplace that staking-as-a-service providers must register and provide full, fair and truthful disclosure and investor protection," SEC Chair Gary Gensler said of the settlement. "Innovation has outpaced the legislation that our government has put forward," Sifling said."We need some blood, some sign of trust that our government is going to back us and that there isn't just going to be the Wild West out there with a bunch of criminals in the industry, because it ultimately hurts the common person."
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