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Home » The SEC Sues Kraken Again—This Time For Running An … – Investopedia

The SEC Sues Kraken Again—This Time For Running An … – Investopedia

The SEC Sues Kraken Again—This Time For Running An … – Investopedia

Key Takeaways The U.S. SEC has charged Kraken with operating an unregistered securities exchange, broker, dealer, and clearing agency.This lawsuit against Kraken is similar to charges filed by the SEC against crypto exchanges Binance, Bittrex and Coinbase earlier in the year.The lawsuit also alleges Kraken commingled customers’ crypto assets and cash reserves with their own holdings.Earlier this year, Kraken paid a $30 million settlement for charges related to its staking-as-a-service offering. The U.S. Securities and Exchange Commission (SEC) fired a fresh salvo in its cryptocurrency crackdown on Monday when it sued Kraken for operating an unregistered securities exchange and allegedly mixing customer… 

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