New Kraken CEO: Crypto Exchange Won't Be Registering With SEC | Crypto

New Kraken CEO: Crypto Exchange Won’t Be Registering With SEC

-The new CEO of Kraken, Dave Ripley, says that the firm has no plans to register with the U.S. Securities and Exchange Commission (SEC).

-Ripley says that Kraken won’t register with the SEC as a market intermediary or delist tokens the regulatory agency has deemed to be securities.

-In July, the SEC reportedly opened an investigation into leading US crypto exchange Coinbase for allegedly offering unregistered securities.

-Ripley says that Kraken has no plans to remove those tokens or register with the SEC despite Chairman Gary Genslers calls for crypto exchanges to do so.

-However, Ripley does not rule out that Kraken may one day list crypto assets that are securities.

kraken pay fine New Kraken CEO: Crypto Exchange Won't Be Registering With SEC

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