{"id":4771,"date":"2023-11-21T19:01:48","date_gmt":"2023-11-21T17:01:48","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4771"},"modified":"2023-11-21T19:01:48","modified_gmt":"2023-11-21T17:01:48","slug":"sec-sues-kraken-alleges-it-is-unregistered-broker","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4771","title":{"rendered":"SEC sues Kraken, alleges it is unregistered broker"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Kraken, one of the world&#8217;s largest cryptocurrency exchanges, was sued Monday by the US Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with regulators.<\/p>\n<p>The suit, filed in federal court in San Francisco, is the latest step in SEC Chairman Gary Gensler&#8217;s quest to bring cryptocurrencies within the purview of his agency, arguing that digital assets are investment contracts subject to federal securities laws.<\/p>\n<p>Kraken was also accused of having deficient internal controls and inadequate record keeping.<\/p>\n<p>The exchange intends to defend itself, saying Congress should decide how to regulate cryptocurrency exchanges and calling the SEC&#8217;s view of digital assets &#8220;incorrect as a matter of law, false as a matter of fact, and disastrous as a matter of policy.&#8221;<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Kraken, one of the world&#8217;s largest cryptocurrency exchanges, was sued Monday by the US Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with regulators. The suit, filed in federal court in San Francisco, is the latest step in SEC Chairman Gary Gensler&#8217;s quest to bring cryptocurrencies [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4771"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4772"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}