U.S. SEC targets crypto 'staking' with Kraken crackdown

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6. "The future of money laundering and other illegal activities"

And as to my point, there has never been money laundering or Illegal activities in other financial industries? Come now, the digital currency market is certainly not immune to this, but neither are other financial institutions. So why the focused attack on digital currency?

As to the future, well just check out what the big boys on Wall Street are doing:

Bank of New York Mellon Corp. traces its history back to 1784 and Alexander Hamilton. But even this venerable institution is finding the lure of the crypto world too strong to resist.

Despite all that’s gone wrong in the industry, with trillions in losses, spectacular bankruptcies, the arrest of Sam Bankman-Fried — the world’s largest custodian bank and other financial giants are hoping to expand in crypto — not shrink.

Link: https://finance.yahoo.com/news/wall-street-giants-spy-opportunities-172324093.html