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coinpedia 2023-11-21 06:31:46

U.S. Senator Criticizes SEC’s Approach to Kraken Case, Cites Customer Impact

The post U.S. Senator Criticizes SEC’s Approach to Kraken Case, Cites Customer Impact appeared first on Coinpedia Fintech News The SEC sued Kraken for violating securities laws by commingling customer cash and failing to register. According to the SEC, Kraken’s policies and internal controls allowed the exchange to mix up to $33 billion in customer assets with its own, putting clients at risk. Kraken opposes the SEC’s claims and will fight it in court. …

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