SEC Files Charges Against Crypto Exchange Kraken—Again - Decrypt


20 Nov 2023 10:40 PM

The United States regulator has filed fresh charges against Kraken, just nine months after settling previous charges....

  • The United States Securities and Exchange Commission (SEC) has filed charges against cryptocurrency exchange Kraken.
  • The SEC alleges that Kraken's parent companies were operating the exchange as an unregistered securities exchange, broker, dealer, and clearing agency.
  • Similar charges were filed against rival exchange Coinbase earlier this year.
  • The SEC claims that several cryptocurrencies, including ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and SOL, are securities.

The sentiment of the article is negative, as charges have been filed against Kraken and the SEC is alleging that the exchange operated unlawfully.

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You May Ask

What charges have been filed against Kraken?Which other cryptocurrency exchange faced similar charges?What cryptocurrencies are alleged to be securities?What is the role of the SEC in this case?Will there be any updates on this developing story?

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