CURRENT MONTH (February 2023) Securities Regulation The SEC Settles with Kraken for $30 Million over Crypto Asset Staking-As-A-Service Program By Joseph Mayo, LL.M. Candidate at New York University School of Law On February 9, 2023, the Securities and Exchange Commission announced a settlement with Payward Ventures, Inc. and Payward Trading Ltd., commonly known as Kraken, for the allegedly unregistered offer and sale of crypto asset investment contracts through their Staking-As-A-Service program.