SEC.gov | SEC Charges Kraken for Operating as an Unregistered ...
Nov 20, 2023 · The Securities and Exchange Commission today charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.
SEC.gov | Kraken to Discontinue Unregistered Offer and Sale of …
To settle the SEC’s charges, the two Kraken entities agreed to immediately cease offering or selling securities through crypto asset staking services or staking programs and pay $30 million in disgorgement, prejudgment interest, and civil penalties.
Kraken Down: Statement on SEC v. Payward Ventures, Inc., et al.
Feb 9, 2023 · Today, the SEC shut down Kraken’s staking program and counted it as a win for investors. I disagree and therefore dissent. Kraken operated a service through which its customers could offer their tokens up for staking. The customers earned returns, and the company earned a fee.
Defendants market the Kraken Staking Program by touting specified investment returns for certain staking-eligible crypto assets on the kraken.com website, on social media channels, and through advertisement emails.
Kraken is subject to the laws and regulations governing the U.S. securities markets because many of the crypto assets bought and sold through its platform are offered, bought, and sold as investment contracts.
SEC.gov | Payward Ventures, Inc. (D/B/A Kraken) and Payward …
Feb 13, 2023 · To settle the SEC's charges, the two Kraken entities agreed to immediately cease offering or selling securities through crypto asset staking services or staking programs and pay $30 million in disgorgement, prejudgment interest, and civil penalties.
Crypto Assets - SEC.gov
Oct 10, 2024 · The Securities and Exchange Commission charged Payward Inc. and Payward Ventures Inc., together known as Kraken, with operating Kraken’s crypto trading platform as an unregistered securities exchange, broker, dealer, and clearing agency.
SEC.gov | SEC Charges Crypto Asset Trading Platform Bittrex and …
Apr 17, 2023 · The SEC’s investigation was conducted by Daphna Waxman and Pamela Sawhney of the Division of Enforcement’s Crypto Assets and Cyber Unit and Ainsley Kerr of the Market Abuse Unit and Jordan Baker, Neil Hendelman, and …
Kraken is committed to supporting policy makers here in the U.S. and around the world to implement effective domestic rules and a coherent international regulatory framework for digital asset markets.
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