Search results for Arjun Sethi
Crypto
U.S. SEC delays crypto regulation meeting, possibly mindful of Clarity Act
The U.S. Securities and Exchange Commission delayed a planned meeting on crypto regulation after a reported request from the White House. Foreign media reports said the White House feared talks on a crypto fundraising rule and an exemption for securities-token trading could complicate congressional negotiations over the Clarity Act. Market participants also cited potential opposition from SIFMA and possible litigation. Policy discussions are expected to continue this week, including events at the White House.
Crypto
Kraken cuts 150 jobs citing AI efficiency, IPO likely pushed to 2027
Cryptocurrency exchange Kraken has cut about 150 jobs to reduce costs tied to the adoption of artificial intelligence, reports said. The layoffs have raised the possibility that Kraken\'s U.S. initial public offering could slip from this year to 2027. The move comes amid broader job cuts across the crypto industry, where firms cite AI-driven efficiency gains. Kraken has not immediately issued an official position.
Crypto
Kraken teams up with MoneyGram to expand crypto cash withdrawals, supporting over 100 countries
Crypto exchange Kraken will launch a service with global remittance company MoneyGram that allows users to convert cryptocurrency into local currency and withdraw cash through MoneyGram’s offline network. The service will start in the United States and expand to parts of Europe, Latin America, Africa and Asia-Pacific. The partnership covers more than 100 countries and supports hundreds of local currencies. Kraken is also preparing for an IPO.
