SEC rages on Kraken over Unregistered Securities

10/04/2023

HYFI Conference 2023

HCMC, VIetnam
20/04/2023

Dubai Fintech Summit 2023

Madinat Jumeirah, Dubai
08/05/2023
10/05/2023
27/05/2023
06/07/2023
14/07/2023

ETHToronto 2023

Toronto, Canada
13/08/2023
15/08/2023
SEC rages on Kraken over Unregistered Securities

Kraken, one of the largest cryptocurrency exchanges in the world, is the subject of an investigation by the Securities and Exchange Commission (SEC) because of allegations that it offered unregistered securities.

Kraken is now embroiled in a probe being conducted by a leading US monetary controller to determine whether or not the company violated securities regulations in relation to offers made to American customers. According to the article, there is a possibility that it may result in a settlement in the next days.

I2WKKXYIHBERZPVF4SELDXPX74 jpeg

A settlement with the SEC could put pressure on other cryptocurrency companies to reach agreements with the regulator, which has stated on multiple occasions that the majority of the tokens being offered are securities that ought to be governed by the agency’s guidelines. A settlement with the SEC could force other cryptocurrency companies to reach agreements with the regulator.

This is not the first time the transaction has been subjected to close examination. In November, Kraken reached a settlement with the United States Treasury Department that required the payment of 362,000 dollars for breaches of sanctions imposed on Iran.

The chairman of the Securities and Exchange Commission (SEC), Gary Gensler, has said that “the runway is growing narrower” for cryptocurrency companies to register with the agency.

Compiled by Coinbold

Top Gainers
NamePrice24h %
Top Losers
NamePrice24h %