Securities and Exchange Commission (SEC) Stance on the issue
The Securities and Exchange Commission's (SEC) stance on issues such as Kraken's is known to the public through its chairman.
Information gathered by Newsvot shows that the statement made by Kraken's CEO differs from what SEC wants.
According to the chairman of the Securities and Exchange Commission (SEC), most crypto exchanges deal with security tokens and should be registered with the SEC.
SEC Chairman Gary Gensler made this statement while addressing the Senate Committee on Banking on the 15th of September, 2022.
"Crypto intermediaries may need to one day register with both the SEC and the Commodity Futures Trading Commission (CFTC)," he said.
To further make his point known, Gary Gensler referred to the investigations launched against Coinbase for allegedly trading securities that were not registered.
