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Hey there. Welcome to CoinDest TV. You are watching The Hash. It is a Friday. Happy Friday to you all.

We wish you well. I'm Zach Seward. That's Jen Sanassie and Adam Levine. We're going to get you caught up

on today's news, crypto and beyond. Jen, start us off. What do you got? Well, it's not a happy Friday

for Cracken. So the SEC is warding platforms to take note of Cracken's move to halted staking service

after paying a $30 million fine to the SEC, we must note that they did not

admit or deny any allegations on CNBC Squackbox. Gensler said companies like Cracken can offer

investment contracts but have to have full fair and truthful disclosures. He went on to say

that they were not a company abiding with basic law.

Adam, I'm going to kick this one right off to you. After Brian Armstrong's tweet, I didn't expect to

see an action come down so quickly. It seems like Coinbase CEO Armstrong probably had this

information in his back pocket. What do you

make of this? Yeah, lesser rumor and more front-running the announcement that he saw coming.

So I think that there's a couple of differences from the story that we were talking about yesterday

that are worth noting. First off, this is not actually an action against staking itself. This is an

action against companies that are against a company that had a staking itself. This is an action against companies that are against a company that had a

staking program that allowed you to basically allow them to stake on your behalf. There's still a

bunch of question marks on my side whether or not that's really a distinction that's particularly

meaningful in this circumstance, but it is worth noting. So there doesn't appear to be any sort of concern around the actual activity if you're doing it yourself or potentially

...