Coinbase’s chief lawyer pointed to some “fundamental differences” between its staking service and Kraken’s during its latest investor call.
) lost to slashing — which refers to the blockchain's mechanism for punishing bad behavior by reducing a validator’s tokens.
He pointed to the exchange's registration as a publicly-traded company as another critical point of difference, which enables customers to have “deep transparent insight into our financials.”alleged its users lost control of their tokens by offering them to Kraken's staking program and investors were offered"outsized returns untethered to any economic realities" with Kraken also able to pay"no returns at all.”in the U.S.
If I grow oranges myself and harvest them myself, the oranges are not securities. If I grow oranges myself and harvest them using a contractor that charges me a fee, the oranges are still not securities.
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