Crypto Crash Imminent?: Kraken Settles With SEC, Binance Halts US Dollar Transfers

Kraken SEC Settlement News: The crypto market is in the danger of facing an imminent crash due to back to back shock news effect. According to latest reports, the exchange entered into a settlement with the U.S. Securities and Exchange Commission (SEC) by agreeing to close down its crypto staking service. It appears that things moved fast between both the parties after it was earlier stated that a settlement could be reached in the ‘coming days’. Kraken is currently facing an SEC probe into whether it offered unregistered securities.