There's no doubt that the SEC dealt Kraken—and the outlook for crypto staking products in the U.S.—a big blow when it announced a $30 million settlement and ordered the company to stop offering the service to its customers in the states in February. Now Marco Santori, the company's chief legal officer, says the exchange is eager to move on from it. That means reckoning with a really challenging regulatory environment and growing its customer base overseas. And as Santori quips: "Kraken's master account application has not yet been rejected."

For more from Decrypt, visit decrypt.co and follow @gmdecrypt on Twitter.

Be sure to join the gm Telegram room for direct access to our hosts and guests.

Hosts and guests:

Dan Roberts

Twitter: @readDanwrite

Stacy Elliott

Twitter: @stacyannj

Marco Santori

Twitter: @msantoriESQ

Podcast thumbnail art by Grant Kempster

Hosted on Acast. See acast.com/privacy for more information.