US SEC sues Kraken crypto exchange over failure to register

by Reuters

Reuters— Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating its trading platform without first registering with the regulator.—US SEC sues crypto exchange Kraken over failure to register. The lawsuit in San Francisco federal court is the latest step in SEC chair Gary Gensler's push to bring cryptocurrency under his agency's purview, by contending that digital assets are investment contracts subject to federal securities laws.

Forbes—SEC Sues Kraken In Latest Crackdown Against Crypto Exchanges. The Securities and Exchange Commission sued Kraken, one of the largest cryptocurrency exchanges, on Monday, alleging it had illegally...

Barron's—Bitcoin Steady After SEC Sues Kraken. The Crypto Exchange Crackdown Continues. - Barrons. The Securities and Exchange Commission sued cryptocurrency exchange Kraken on Monday, the latest move in a U.S. regulatory crackdown on crypto. But it did little to shake the price of Bitcoin, which has rallied on hopes of a friendlier SEC.