cryptonews: The Kraken exchange may be next on the Securities and Exchange Commission's hit list. 👀
Kraken is being probed by the agency for selling unregistered securities to U.S. citizens, Bloomberg reported on Feb. 8. A settlement may be coming in days, it added.
SEC chairman Gary Genlser recently shocked the industry by implying that when Ethereum moved from Proof-of-Work to Proof-of-Stake, Ether may have become a security.But, the agency recently doubled down on its position that tokens are securities in a lawsuit against a former Coinbase manager who pleaded guilty this week to insider trading. While the Department of Justice filed criminal charges that avoided the securities question, the SEC's concurrent civil suit was focused heavily on that.
And, it is embroiled in a lawsuit with cross-border payments firm Ripple over the same issue that is widely expected to create a court precedent on the question. A ruling in that case could come soon.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto exchange Kraken faces probe over possible securities violations: ReportAccording to a Bloomberg report crypto exchange Kraken is facing a probe by the United States Securities and Exchange Commission over possible violations of securities laws.
Read more »
Crypto firm Kraken probed by SEC over unregistered securities: BloombergCrypto exchange Kraken is embroiled in an SEC probe over whether it sold unregistered securities, report says
Read more »
Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg.krakenfx could be near a settlement with the SEC over charges of offering unregistered securities, according to a Bloomberg report. SteveAlpher reports
Read more »
Korea Exchange has formally requested that HYBE disclose an official statement on whether it intends on purchasing SM Entertainment shares | allkpopKorea Exchange, the sole securities exchange operator of South Korea, has formally requested that HYBE Labels, currently rumored t…
Read more »
Kraken's Head of Strategy on Crypto Winter, FTX FalloutKraken Head of Strategy Thomas Perfumo discusses what's next for the exchange following a year of crypto price collapses and a wave of industry bankruptcies. Perfumo also discusses the decision to close Kraken's Abu Dhabi office and the lingering crypto contagion concerns in the wake of FTX's collapse.
Read more »
Red-hot Islanders trounce Kraken to run win streak to fourAfter beating the Kraken 4-0 on Tuesday, the Islanders have won their first two games back from the All-Star break to extend their win streak to four games.
Read more »