“We disagree with the SEC’s criticism towards Kraken, stand agency in our view that we don’t listing securities and plan to vigorously defend our place,” Kraken stated in a press release. “The SEC has repeatedly challenged crypto exchanges to return in and register with no single regulation supporting their place and no clear path to registration. And regardless of opposition from lawmakers, the SEC continues to pursue authorized motion towards these crypto exchanges. For years, we have now advocated for efficient U.S. market regulation that addresses the distinctive dangers and advantages which crypto presents to all people. We consider Congressional motion is probably the most acceptable path to resolving the dearth of regulatory readability within the U.S. It’s disappointing to see the SEC proceed down its path of regulation by enforcement, which harms American customers, stunts innovation and damages U.S. competitiveness globally.”
