Kraken's incoming CEO Dave Ripley said his company has no plans to register with the SEC or delist any tokens labeled by the SEC as securities, arguing that his company does not offer securities.
The newly appointed CEO of crypto exchange Kraken has stated that he has no plans to register the company with the Securities and Exchange Commission or delist any tokens that have been labeled by the SEC as securities.on Thursday, incoming CEO Dave Ripley said he doesn't see a reason to register with the SEC as an exchange because it does not offer securities.
Ripley's statements on crypto assets appear to be in direct opposition to SEC Chairman Gary Gensler who recently made his thoughts on the status of crypto exchanges and tokens very clear.that most cryptocurrencies are securities and many intermediaries, such as exchanges, broker-dealers, and those with custodial functions, deal in securities and should be registered with the SEC"in some capacity.
"Crypto intermediaries may need to one day register with both the SEC and the Commodity Futures Trading Commission ," and there are already dual registrants. The SEC has already launched an investigation into Coinbase earlier this year for alleged trading of unregistered securities. , Michael Bacina, an Australian digital assets lawyer with Piper Alderman told Cointelegraph the case could have a"serious and chilling effect" on crypto exchanges and token projects,"whether or not an ultimate finding is the tokens are or are not securities."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New Kraken CEO Ripley seeks growth, not a clash of crypto titansNew Kraken CEO Dave Ripley offered The Block his insights on regulations, the exchange's target customers, and challenges the company faces.
Read more »
'SQL Will Help You Achieve Your Goals' - Jarosław Błąd, Vertabelo CEO | HackerNoonWe spoke to Jarosław Błąd, CEO at Vertabelo about how he set up his website based around teaching people how to code using SQL and the motivations behind it.
Read more »
Polar Explorer Danie Ferreira’s New Book Traces His Self-Funded Arctic AdventuresSince 1983, the former CEO of Urban Brew Studios has journeyed to Greenland, Norway and Antarctica.
Read more »
Meet Mike Suco, Coca-Cola United CEO and co-founder of Fiesta BirminghamAs one of Fiesta’s founders, Suco, along with other members of the Hispanic Business Council (HBC) of the former Birmingham Regional Chamber of Commerce, decided to put together an annual festival celebrating the diversity of culture in Hispanic nations.
Read more »
Jesse Powell Reveals Why He's Stepping Down as Kraken's CEO | CoinMarketCapPowell noted: 'I still plan to stay incredibly involved with the business. Maybe my work week goes down from 80 hours to 40 hours or something like that.' 👀
Read more »
Google CEO Incredulous at Employees Mad About Loss of PerksGoogle's crackdown continues, and according to internal audio obtained by CNBC, the tension between Googlers and their CEO, Sundar Pichai, is growing.
Read more »