SEC sues Kraken
The SEC sued Kraken, alleging that the exchange operated as an unregistered securities exchange, broker, dealer and clearing agency and commingled customer assets with corporate funds. The securities named in the complaint did not include Bitcoin, but Kraken's role as a major Bitcoin trading venue made the case relevant to U.S.
The SEC sued Kraken, alleging that the exchange operated as an unregistered securities exchange, broker, dealer and clearing agency and commingled customer assets with corporate funds. The securities named in the complaint did not include Bitcoin, but Kraken's role as a major Bitcoin trading venue made the case relevant to U.S. market infrastructure.
The practical Bitcoin channel was kraken is important Bitcoin exchange infrastructure. The measure or case operated through law, licensing, custody, trading, or compliance rather than changing Bitcoin's protocol; where allegations or proposals were involved, they remained allegations or proposals at this stage.
The Bitcoin connection ran through kraken is important Bitcoin exchange infrastructure. Major exchange action, but alleged securities issues centered on non-Bitcoin assets.