{"id":549601,"date":"2023-02-09T05:23:51","date_gmt":"2023-02-09T02:23:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-exchange-kraken-faces-probe-over-possible-securities-violations-report\/"},"modified":"2023-02-09T05:23:51","modified_gmt":"2023-02-09T02:23:51","slug":"crypto-exchange-kraken-faces-probe-over-possible-securities-violations-report","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-kraken-faces-probe-over-possible-securities-violations-report\/","title":{"rendered":"# Crypto exchange Kraken faces probe over possible securities violations: Report"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a25db0905b56\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a25db0905b56\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-exchange-kraken-faces-probe-over-possible-securities-violations-report\/#%E2%80%9D_Crypto_exchange_Kraken_faces_probe_over_possible_securities_violations_Report_%E2%80%9C\" >&#8221; Crypto exchange Kraken faces probe over possible securities violations: Report &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_exchange_Kraken_faces_probe_over_possible_securities_violations_Report_%E2%80%9C\"><\/span>&#8221; Crypto exchange Kraken faces probe over possible securities violations: Report &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4bbf85c5>Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission (SEC) over whether it breached rules around the offering of securities.\u00a0<\/p>\n<p>According to a Feb. 8 Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-02-08\/cryptocurrency-exchange-kraken-faces-probe-by-sec-over-unregistered-securities?leadSource=uverify%20wall\">report<\/a>, the probe relates to certain offerings that Kraken has made to U.S. clients. A person with knowledge of the matter said the probe is at an advanced stage and could reach a settlement in the coming days. <\/p>\n<p>However, at this stage, it is not clear which offerings are being scrutinized by the securities regulator. <\/p>\n<p>When asked about the alleged probe, an SEC spokesperson told Cointelegraph, &#8220;The SEC does not comment on the existence or nonexistence of a possible investigation.\u201d<\/p>\n<p>Kraken did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to a request for comment. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/ad955ffc-b502-4aa2-8fbb-39c358be7eff.jfif\"><figcaption style=\"text-align: center;\"><em>U.S. SEC\u2019s Washington headquarters. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/es.wikipedia.org\/wiki\/Archivo:U.S._Securities_and_Exchange_Commission_headquarters.JPG\"><em>Wikipedia<\/em><\/a><\/figcaption><\/figure>\n<p>Gensler said in Dec. 2022 that his main <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/finance.yahoo.com\/news\/sec-chair-gensler-suggests-ftx-may-have-violated-securities-laws-211154986.html\">goal<\/a> for regulating crypto throughout 2023 was to make crypto exchanges and lending platforms come into compliance, which he suggested can occur through firms registering with the SEC or through enforcement actions. <\/p>\n<p><strong>Related: <\/strong><strong><em>Judge dismisses proposed class-action suit alleging Coinbase securities sales<\/em><\/strong><\/p>\n<p>Kraken CEO Dave Ripley argued in Sep. 2022 that he didn\u2019t see a need to register Kraken as an exchange with the SEC, because it does not offer securities, adding \u201cThere are not any tokens out there that are securities that we\u2019re interested in listing.\u201d<\/p>\n<p>SEC Chairman Gary Gensler has repeatedly said, however, that he considers most cryptocurrencies other than Bitcoin (BTC) to be securities.<\/p>\n<p>The SEC however recently conceded during a Jan. 30 <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal hearing in the LBRY v SEC case that the sale of LBRY Credits (LBC) in the secondary market doesn\u2019t constitute a security, after the judge was persuaded by an argument from attorney John Deaton highlighting that the courts had never deemed the underlying asset to be a security in similar cases.<\/p>\n<p>The regulator often refers to the \u201cHowey Test\u201d to determine what constitutes a security. The name comes from the SEC v Howey case from 1946 which set a precedent in the U.S. for what transactions are considered securities. <\/p>\n<p>It held that a transaction qualifies as an investment contract \u2014 and therefore is considered a security \u2014 where there is an investment in a common enterprise with profits earned exclusively through the work of others.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-exchange-kraken-faces-probe-over-possible-securities-violations-report\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto exchange Kraken faces probe over possible securities violations: Report &#8220; Cryptocurrency exchange Kraken is reportedly being probed by the United States Securities and Exchange Commission (SEC) over whether it breached rules around the offering of securities.\u00a0 According to a Feb. 8 Bloomberg report, the probe relates to certain offerings that Kraken has made&#8230;<\/p>\n","protected":false},"author":1,"featured_media":549602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/69ef0d25-217b-44e1-86bc-9093e0d0a997.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,75147,74860,75540,100179,74898,71433,73157,70934],"class_list":["post-549601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bloomberg","tag-cryptocurrency-exchange","tag-kraken","tag-lbry","tag-sec","tag-court","tag-investigation","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=549601"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/549601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/549602"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=549601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=549601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=549601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}