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The newly appointed CEO of crypto exchange Kraken has said it has no plans to register the company with the Securities and Exchange Commission (SEC) or delist tokens classified by the SEC as securities. .
at Reuters report On Thursday, incoming CEO Dave Ripley said there was no reason to register as an exchange with the SEC because the SEC does not offer securities.
There are no tokens that are securities that we are interested in listing, he said.
However, he doesn’t rule out the list of security tokens entirely, saying, “There may be new tokens that are interesting and security at the same time. In that case, you might be interested in that path. ‘ said.
Kraken co-founder is set to replace Jesse Powell with Dave Ripley as CEO. Resigned on September 21 After 11 years in the top position, he cited the enormous growth of the company and his heavy burden of overseeing everything.
in a company statement publication Regarding the leadership change, Ripley said his future goals are “in step” with Powell, who said he plans to “remain involved with the company.”
Ripley’s statement on crypto assets appears to be in direct opposition to SEC Chairman Gary Gensler, who recently made his thoughts very clear about the state of crypto exchanges and tokens.
At the Senate Banking Committee on September 15, Gensler repeated his position Most cryptocurrencies are securities, and many intermediaries such as exchanges, broker-dealers, and intermediaries with custodial functions deal in securities and must be registered with the SEC to some extent.
Cryptocurrency intermediaries may one day need to register with both the SEC and the Commodity Futures Trading Commission (CFTC), says Already a dual registrant.
The SEC has already launched an investigation into Coinbase earlier this year for allegedly trading unregistered securities.
at the timePiper Aldermans Australian digital asset attorney, Michael Bachina, told Cointelegraph that whether or not the token is a security is the final finding, the lawsuit is for cryptocurrency trading. He said it could have “severe and appalling effects” on places and token projects.
Gensler has been the subject of intense criticism this year for both of his agencies. Approach to crypto regulation and for that lack of action Against the big fish crypto exchange.
In the past, Kraken has come under attack from the US Department of the Treasury’s Office of Foreign Assets Control (OFAC). supposedly authorizing the user Is based in Iran or another country, buys and sells cryptocurrencies, and may be violating US sanctions.
