New problems for the crypto exchange Kraken because of the SEC.
This time, however, the exchange is not giving up, and is striking back.
The crypto precedent between Kraken and the SEC
In February this year, US exchange Kraken was forced to shut down its staking service due to allegations from the SEC.
At the time, the agency that oversees the security market in the US had accused the exchange of precisely providing an unregistered security investment service.
In other words, the SEC believed that a service such as staking-as-a-service, in which investors earn money only from the work of the exchange node, was rightfully part of the offering of investment in security, and since it was an offering that was not registered with the SEC, they believed that it was being offered illegally.
Kraken decided to cut corners by shutting down the service, rather than challenge the agency.
Since then, however, things have changed, largely due to XRP’s victory in the agency’s lawsuit
We współpracy z: https://en.cryptonomist.ch/2023/11/21/new-crypto-battle-sec-kraken/
