Liechtenstein-based cryptocurrency exchange Bittrex Global has announced that it will suspend all operations by the 4th of December as it prepares to shut down following a bruising battle with the SEC. The closure comes after the exchange’s US arm, Bittrex, already shut down operations due to regulatory challenges in the country. Bittrex Global will begin […]
Jesse Powell, co-founder of cryptocurrency exchange Kraken, has criticized the Securities and Exchange Commission (SEC) for filing a lawsuit against his platform. Powell referred to the SEC and its chief, Gary Gensler, as “USA’s top decel,” implying that they hinder progress. He expressed dissatisfaction with the SEC’s actions, stating that Kraken had already paid $30 […]
US Senator Cynthia Lummis has criticized the United States Securities and Exchange Commission (SEC) for its regulatory approach towards Kraken, a San Francisco-based cryptocurrency exchange. The SEC recently filed a lawsuit against Kraken, accusing the exchange of operating an unregistered trading platform for cryptocurrency assets. The lawsuit alleges that Kraken mixed client assets with its […]
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, designating Cardano (ADA) and Solana (SOL) as securities. This move aligns with the SEC’s ongoing legal battles with other major crypto exchanges. Kraken’s CEO, Dave Ripley, has challenged the SEC’s allegations, emphasizing the need for clear regulatory frameworks in the […]
The US Department of Justice is seeking over $4 billion from Binance, the world’s largest cryptocurrency exchange, to settle a multi-year criminal investigation. The exchange and its CEO, Changpeng Zhao, are facing allegations of bank fraud, sanctions violations, and money laundering. The proposed settlement amount would be part of a potential agreement between Binance and […]
The United States Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing it of operating as an unregistered securities exchange, broker, dealer, and clearing agency. This legal action is part of SEC Chair Gary Gensler’s efforts to assert the agency’s jurisdiction over the crypto industry. The SEC claims that Kraken […]
The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, a prominent cryptocurrency exchange, accusing it of operating without proper registration as a securities exchange. This development has caused significant disruption within the crypto space, particularly in light of the recent Binance-DoJ situation.Kraken, based in San Francisco, has strongly defended its operations, arguing […]
Kraken, one of the largest cryptocurrency exchanges, is facing legal action from the U.S. Securities and Exchange Commission (SEC) for allegedly operating as a securities exchange without proper registration. The SEC claims that Kraken failed to meet the registration requirements for being a securities exchange, broker, dealer, and clearing agency. The lawsuit argues that many […]
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, accusing the company of violating securities laws and commingling customer funds with corporate assets. The SEC claims that Kraken has been operating as an unregistered securities exchange, broker, dealer, and clearing agency since 2018. The lawsuit alleges that Kraken unlawfully […]
Binance Holdings, one of the largest cryptocurrency platforms, is currently in talks with the U.S. Justice Department (DOJ) to settle allegations of criminal activities. The settlement amount being discussed could exceed $4 billion, making it one of the largest penalties in the history of the cryptocurrency industry. The allegations against Binance include money laundering, bank […]
