Kraken confirms IPO and SEC softens stance on Wallets
Regulatory impact news: Kraken has confirmed it is moving forward with its initial public offering (#IPO) with the SEC by the end of this quarter. Simultaneously, the #SEC issued guidance exempting certain #Wallets and DeFi interface providers from registering as brokers, a significant relief for the ecosystem. On #Binance, sector coins like $ENJ have responded with gains exceeding 30% following this regulatory clarity news.