Latest Target of SEC

[Eva Green]

kraken exchange is recent to be targeted by SEC due to improper registration as business.
The SEC has filed a lawsuit against Kraken, a San Francisco-based crypto exchange, alleging that the platform violated federal securities laws by commingling customer and corporate funds, resulting in a significant risk, and citing multiple enforcement actions against other crypto trading platforms.

The SEC has filed a lawsuit against Kraken, alleging it holds over $5 billion worth of customers' cash and commingles it with its own. The suit also claims Kraken operates an unregistered broker, clearinghouse, and exchange, similar to previous complaints against Binance and Coinbase. Kraken is also listed as promoting unregistered securities like ALGO and MATIC.

SEC seeks to permanently ban Kraken from operating as an unregistered exchange, pursuing a fine and demanding Kraken to return ill-gotten gains.
On the other hand the CEO of Kraken David Ripley completely denies all allegations.

 

[eliasisaac5]

kraken exchange is recent to be targeted by SEC due to improper registration as business.
The SEC has filed a lawsuit against Kraken, a San Francisco-based crypto exchange, alleging that the platform violated federal securities laws by commingling customer and corporate funds, resulting in a significant risk, and citing multiple enforcement actions against other crypto trading platforms.

The SEC has filed a lawsuit against Kraken, alleging it holds over $5 billion worth of customers' cash and commingles it with its own. The suit also claims Kraken operates an unregistered broker, clearinghouse, and exchange, similar to previous complaints against Binance and Coinbase. Kraken is also listed as promoting unregistered securities like ALGO and MATIC.

SEC seeks to permanently ban Kraken from operating as an unregistered exchange, pursuing a fine and demanding Kraken to return ill-gotten gains.
On the other hand the CEO of Kraken David Ripley completely denies all allegations.

Its like a crypto showdown these days,They are accused of holding $5 billion in customer funds? That's a serious allegation!

 

[otisbrown723]

SEC is really keeping itself in business these days ,isn't it ?

 

[Maxicreed]

kraken exchange is recent to be targeted by SEC due to improper registration as business.
The SEC has filed a lawsuit against Kraken, a San Francisco-based crypto exchange, alleging that the platform violated federal securities laws by commingling customer and corporate funds, resulting in a significant risk, and citing multiple enforcement actions against other crypto trading platforms.

The SEC has filed a lawsuit against Kraken, alleging it holds over $5 billion worth of customers' cash and commingles it with its own. The suit also claims Kraken operates an unregistered broker, clearinghouse, and exchange, similar to previous complaints against Binance and Coinbase. Kraken is also listed as promoting unregistered securities like ALGO and MATIC.

SEC seeks to permanently ban Kraken from operating as an unregistered exchange, pursuing a fine and demanding Kraken to return ill-gotten gains.
On the other hand the CEO of Kraken David Ripley completely denies all allegations.

Sec relentless accusations on relevant crypto service providers is not looking and could likely prolong the long awaited bull run and have negative impact on adoption.

Bittrex has become the latest tragedy from this relentless allegations and harsh regulatory policies. This has made me move all my assets from Bittrex to Bitget cos business will be officially closed on the 4th of Dec.

 

[Captainsaudi]

SEC is really keeping itself in business these days ,isn't it ?

Is obvious to every Crypto analyst that SEC policies is against crypto. The recent showdown is to create a panic sell and force a BTC dip so Blackrock can buy the dip.
.

 

[Captainsaudi]

Sec relentless accusations on relevant crypto service providers is not looking and could likely prolong the long awaited bull run and have negative impact on adoption.

Bittrex has become the latest tragedy from this relentless allegations and harsh regulatory policies. This has made me move all my assets from Bittrex to Bitget cos business will be officially closed on the 4th of Dec.

Wise decision because Bitget has continue to gain users trust as one of the most regulated and trusted exchanges.

 

[BashirJasper]

kraken exchange is recent to be targeted by SEC due to improper registration as business.
The SEC has filed a lawsuit against Kraken, a San Francisco-based crypto exchange, alleging that the platform violated federal securities laws by commingling customer and corporate funds, resulting in a significant risk, and citing multiple enforcement actions against other crypto trading platforms.

The SEC has filed a lawsuit against Kraken, alleging it holds over $5 billion worth of customers' cash and commingles it with its own. The suit also claims Kraken operates an unregistered broker, clearinghouse, and exchange, similar to previous complaints against Binance and Coinbase. Kraken is also listed as promoting unregistered securities like ALGO and MATIC.

SEC seeks to permanently ban Kraken from operating as an unregistered exchange, pursuing a fine and demanding Kraken to return ill-gotten gains.
On the other hand the CEO of Kraken David Ripley completely denies all allegations.

can't you see that SEC is trying to re-introduce their rejected argument of slating some of these tokens as securities when the last judgement on Ripples has indicated that these kind of assets are not securities. Can't see them getting anything out of this though.

 

[GeneralEth]

kraken exchange is recent to be targeted by SEC due to improper registration as business.
The SEC has filed a lawsuit against Kraken, a San Francisco-based crypto exchange, alleging that the platform violated federal securities laws by commingling customer and corporate funds, resulting in a significant risk, and citing multiple enforcement actions against other crypto trading platforms.

The SEC has filed a lawsuit against Kraken, alleging it holds over $5 billion worth of customers' cash and commingles it with its own. The suit also claims Kraken operates an unregistered broker, clearinghouse, and exchange, similar to previous complaints against Binance and Coinbase. Kraken is also listed as promoting unregistered securities like ALGO and MATIC.

SEC seeks to permanently ban Kraken from operating as an unregistered exchange, pursuing a fine and demanding Kraken to return ill-gotten gains.
On the other hand the CEO of Kraken David Ripley completely denies all allegations.

Sec did this and that; aren't they tired? It's almost every exchange and big players in the crypto industries their target is focused on recently; it was Binance, and Cz took the fall anyway. I'm staying off both of their exchanges for now.

 

[I am Praise]

SEC is really keeping itself in business these days ,isn't it ?

Yeah, they are busy targeting leading exchanges and their CEOs. Doesn't this make you question their real intentions? Recently i had to painfully move my assets from Binance to Bitget and Bybit cos of the heat CZ is going through at the moment. Im really beginning to wonder if SEC is truly about protecting users interest or their own interest cos what will remain of crypto if they bring down all the top exchanges?

 

[ImamShaheb]

Its like a crypto showdown these days,They are accused of holding $5 billion in customer funds? That's a serious allegation!

But the thing is, why is it Nance/Kraken/Bybit? What are they doing wrong,while exchanges like Bitget are staying clean?