SEC Commissioner Hester Peirce: The SEC did not attempt to consult with industry professionals before cracking down on Kraken's staking services

ChainCatcher news, according to CoinDesk, U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated that the SEC did not attempt to consult with industry professionals before cracking down on Kraken's staking services. She believes the SEC was aware of staking early on, but the decision to take action now is arbitrary, and she is particularly dissatisfied with the restrictive terms of the settlement with Kraken.

Earlier reports indicated that Hester Peirce publicly opposed the enforcement action against Kraken.