Krakenhttps://techcrunch.com/2023/02/09/kraken-ends-its-crypto-staking-services-for-us-clients-following-30m-sec-charge/"The exchange, which was charged under its subsidiaries of Payward Ventures and Payward Trading, will pay $30 million in charges for “disgorgement, prejudgment interest and civil penalties.” In response to the settlement, Kraken has agreed to end its on-chain staking services for U.S. clients, a spokesperson for the exchange told TechCrunch."
Coinbasehttps://www.coinbase.com/blog/we-asked-the-sec-for-reasonable-crypto-rules-for-americans-we-got-legal?"Today, we are disappointed to share that the SEC gave us a “Wells notice” regarding an unspecified portion of our listed digital assets, our staking service Coinbase Earn, Coinbase Prime, and Coinbase Wallet after a cursory investigation. A Wells notice is the way that SEC staff tells a company that they are recommending that the SEC take enforcement action for possible violations of securities laws. It is not a formal charge or lawsuit, but it can lead to one. Rest assured, Coinbase products and services continue to operate as usual - today’s news does not require any changes to our current products or services. "
Justin Sunhttps://www.reuters.com/legal/sec-sues-justin-sun-others-over-illegal-crypto-sales-2023-03-22/https://techcrunch.com/2023/03/22/sec-sues-tron-founder-and-celebrities-including-lindsay-lohan-jake-paul-and-soulja-boy-for-crypto-securities-violations/"The U.S. Securities and Exchange Commission sued Justin Sun, the founder of Tron, on allegations of orchestrating “unregistered offer and sale, manipulative trading and unlawful touting of crypto asset securities,” the agency stated Wednesday.
The SEC said it was suing Sun, his Tron foundation, the BitTorrent Foundation and BitTorrent (now referred to as Rainberry) over the sale of two tokens: TRON, or TRX, and bitTorrent, or BTT. Both TRX and BTT were referred to as unregistered crypto asset securities by the SEC, stoking the debate on whether cryptocurrencies are in fact securities.
Both tokens’ prices fell following the SEC charge."
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How many fines will Coinbase and Justin Sun pay?
Reply from Justin Sun
https://twitter.com/justinsuntron/status/1638742625003130881https://twitter.com/gurgavin/status/1638656154250412033"JUST YESTERDAY COINBASE CEO REPORTED SELLING MILLIONS IN COINBASE $COIN SHARES ( PART OF HIS 10B5-1)"
