United States of America: SEC lawsuit against Kraken for illegal offer and sale of unregistered securities
Progress
Current status
under deliberation
20 Nov 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
Filed SEC lawsuit against Kraken for illegal offer and sale of unregistered securities
On 20 November 2023, the Securities and Exchange Commission (SEC) charged Payward and Payward Ventures, collectively known as Kraken, for operating Kraken's crypto trading platform as an unregistered securities exchange. The companies were accused …
SourceEvent type
public lawsuit
Action type
announcement
Government branch
executive
Government body
other regulatory body