Home Peer to Peer Lending Fintech Nexus Publication (November 21, 2023): SEC Goes After Kraken Crypto Change

Fintech Nexus Publication (November 21, 2023): SEC Goes After Kraken Crypto Change

Fintech Nexus Publication (November 21, 2023): SEC Goes After Kraken Crypto Change


Whereas the OpenAI saga continues with none main adjustments within the final 24 hours our featured story at this time considerations the SEC and crypto.

Yesterday, the SEC introduced that it’s suing Kraken for working as an unregistered securities alternate. This follows related actions in June in opposition to the 2 largest crypto exchanges, Coinbase and Binance.

The SEC nonetheless actually, actually doesn’t like crypto. Some within the business assume the company has overlooked its mission to guard traders because it has racked up a sequence of authorized setbacks this yr in its actions in opposition to the business. 

On this newest motion the SEC is targetting Kraken for a second time, the alternate settled with the SEC for $30 million for working a crypto staking program however this present lawsuit will get on the core of Kraken’s enterprise.

The corporate is set to battle these new adjustments calling the SEC’s view of digital belongings “incorrect as a matter of regulation, false as a matter of truth, and disastrous as a matter of coverage.”

P.S. We frequently characteristic articles from The Fintech Blueprint in our publication. For Black Friday they’re providing their steepest low cost but — 50% off a premium subscription. It’s a improbable worth. For lower than $10/month, you may make sure you’re gaining access to the perfect fintech evaluation within the biz. Get 50% off right here.

SEC sues Kraken crypto alternate over failure to register

Kraken, one of many world’s largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Change Fee, which accused it of illegally working as a securities alternate with out first registering with the regulator.

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  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm centered on fintech. Peter has been writing about fintech since 2010 and he’s the creator and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview sequence.



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