TechFlow — Cryptocurrency exchange Kraken stated on X that the U.S. Securities and Exchange Commission (SEC) has filed a lawsuit alleging Kraken operated as an unregistered national securities exchange, broker, and clearing agency. "We disagree with their claims and plan to vigorously defend our position. Today’s news does not impact the products we offer, and we will continue to serve our customers without interruption.
Since our founding, we have worked tirelessly to ensure everyone can safely access this evolving technology designed to create a fairer and more inclusive financial system. The SEC repeatedly demands that cryptocurrency exchanges register and enter regulated frameworks—despite lacking unified legal backing for its stance and offering no clear registration pathway. We will continue advocating for effective U.S. market regulation that appropriately addresses unique risks and expands the benefits of digital assets for all individuals."
