- The SEC alleges Kraken for violating the federal securities law, facilitating illegal trade of securities.
- Kraken CEO Dave Ripley strongly disagreed with the allegations, defending that Kraken does not list securities.
- The crypto exchange co-founder Jesse Powell criticized the SEC, addressing them as masochists.
The U.S. Securities and Exchange Commission (SEC) sued the cryptocurrency exchange Kraken, alleging violation of the federal securities law. In response to the allegations, Kraken Co-Founder Jesse Powell condemned the SEC, characterizing their actions as another “assault on America.”
USA's top decel is back with another assault on America. The masochists haven't been happy with the beatings they've been taking in NY and are shopping for a different flavor of RegDom in CA. I thought we settled all their concerns for $30m in Feb. Now they're back for seconds? https://t.co/SkfPJyneUz— Jesse Powell (@jespow) November 21, 2023
On November 20, the SEC charged Kraken for allegedly operating the crypto platform as “an unregistered securities exchange, broker, dealer, and clearing agency.” As per the accusations, the company had been facilitating …
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