Binance’s Busy Day, Kraken’s Second SEC Fight

“Without registering with the SEC in any capacity, Kraken has simultaneously acted as a broker, dealer, exchange, and clearing agency with respect to these crypto asset securities. In doing so, Kraken has created risk for investors and taken in billions of dollars in fees and trading revenue from investors without adhering to or even recognizing the requirements of the U.S. securities laws that are designed to protect investors,” the suit alleged.

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• Source: https://www.coindesk.com/policy/2023/11/22/binances-busy-day-krakens-second-sec-fight/?utm_medium=referral&utm_source=rss&utm_campaign=headlines