Category: sec sues kraken

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Kraken co-founder slams ‘decel’ SEC, warns others should flee US

November 21, 2023

Jesse Powell didn’t mince words when he criticized the SEC for suing his exchange, calling it the country’s “top decel.” Kraken co-founder Jesse Powell has lashed out at the United States Securities and Exchange Commission (SEC) after it sued his crypto exchange for alleged securities law violations. In a Nov. 21 post on X (formerly…
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SEC sues Kraken alleging it’s an unregistered exchange, mixes user funds

November 21, 2023

The SEC alleged Kraken operated as an unregistered exchange, broker, dealer and clearing agency, adding that it commingled customer assets with its own. The United States Securities and Exchange Commission has sued Kraken, alleging it commingled customer funds and failed to register with the regulator as a securities exchange, broker, dealer and clearing agency. In…
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