Kraken Reintroduces Crypto Staking for U.S. Customers After SEC Settlement

The exchange's new staking service complies with updated regulations and signals a shifting U.S. crypto landscape under President Trump's administration.

• Kraken has launched a revamped staking service for U.S. customers nearly two years after halting its original offering due to SEC charges.
• The new staking product allows users in 37 states and two territories to lock 17 digital assets, including Ethereum, Solana, Cardano, and Polkadot, for blockchain validation rewards.
• The updated service provides administrative support for staking directly on the blockchain and includes slashing insurance from a third-party provider.
• Kraken paid a $30 million fine in 2023 for offering unregistered securities but has since redesigned its staking model to comply with regulatory requirements.
• The move reflects a more favorable regulatory environment for crypto under President Trump, with the SEC adopting a crypto-friendly stance under new leadership.

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