United States of America: SEC lawsuit against Payward Ventures and Payward Trading (Kraken) for allegedly providing unregistered securities

Progress

Current status
under deliberation
09 Feb 2023 under deliberation

Scope

Implementers
United States of America
Policy Area
Authorisation, registration and licensing
Policy Instrument
Business registration requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
other regulatory body
Implementation Level
national

Timeline of events

09 Feb 2023
under deliberation

Reached settlement in the SEC lawsuit against Payward Ventures and Payward Trading (Kraken) for providing unregistered securities

On 9 February 2023, the Securities and Exchange Commission (SEC) filed a lawsuit against Payward Ventures and Payward Trading (Kraken) for the unregistered offer and sale of crypto asset staking and reached a settlement with the company. Kraken has …

Source
Event type public lawsuit
Action type announcement
Government branch executive
Government body other regulatory body