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Home » US SEC sues Kraken crypto exchange over failure to register – Reuters

US SEC sues Kraken crypto exchange over failure to register – Reuters

US SEC sues Kraken crypto exchange over failure to register – Reuters

Nov 20 (Reuters) – Kraken, one of the world’s largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator.The lawsuit in San Francisco federal court is the latest step in SEC Chair Gary Gensler’s push to bring cryptocurrency under his agency’s purview, by contending that digital assets are investment contracts subject to federal securities laws.Kraken intends to defend itself, saying Congress should decide how to regulate cryptocurrency exchanges and calling the SEC view of digital assets “incorrect as a matter of… 

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