SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds

“Without signing up with the SEC in any capacity, Kraken has at the same time acted as a broker, exchange, clearing, and dealer firm with regard to these crypto asset securities. Kraken pushed back against the SECs accusations with a spokesperson saying the exchange never ever listed unregistered securities. Source: CourtListener Related: Kraken will share data of 42,000 users with IRSThe SECs grievance alleges Kraken violated the registration provisions of the Securities Exchange Act of 1934.

“Without registering with the SEC in any capability, Kraken has simultaneously acted as a broker, exchange, dealer, and cleaning company with regard to these crypto property securities. Kraken pressed back against the SECs allegations with a representative saying the exchange never ever noted unregistered securities. Source: CourtListener Related: Kraken will share information of 42,000 users with IRSThe SECs grievance alleges Kraken broke the registration arrangements of the Securities Exchange Act of 1934.