cryptoupdate
Contributor
SEC Sues Kraken For Crypto Sales, Repeating A Failed Lawsuit
The SEC, a government group, is in a legal fight with Kraken, a big company dealing with digital money like Bitcoin. The SEC says Kraken didn't follow the right rules for trading these digital coins. They say Kraken was running a market for digital money without getting permission.This fight is like what happened before with another company called Coinbase. The SEC seems to be pushing too hard to control how these digital coins are traded. But lots of people think the SEC doesn’t really understand how these new digital money markets work.
The SEC's lawsuit against Kraken echoes past failures, showing regulatory overreach. It reflects the aggressive approach taken with Coinbase, both accused of running unregistered securities exchanges. This strategy misunderstands how cryptocurrency exchanges work, proving counterproductive. Read More
