Holpop News

SEC Chairman Gary Gensler said all cryptocurrencies should take note of the Kraken situation.
“This really needs to get everyone’s attention in this market, whether you call it a loan, profit, yield or APY – other platforms need to take note of this and ensure compliance,” Gensler said.
The move prompted an immediate reaction from SEC Commissioner Hester Pierce. She said she disagreed with the commission’s actions and considered the regulator’s actions “ineffective and unfair.”