SEC SUES CRYPTO COMPANY KRAKEN FOR OPERATING UNREGISTERED EXCHANGE

Summary from the TLDR Crypto newsletter

The SEC has accused crypto firm Kraken of operating an unregistered securities exchange. The charges are yet another example of the SEC's ongoing crusade to enforce stricter regulations on cryptocurrencies. Kraken has refuted these allegations, maintaining that it does not list securities. The SEC's charges also include accusations of poor record-keeping practices and alleged commingling of the company's and customers' funds.