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Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg
The U.S. regulator is in the late stages of an investigation into the company's possible sale of unregistered securities, according to the report.
Kraken is under investigation by the U.S. Securities and Exchange Commission (SEC) as to whether rules were broken in certain offerings to U.S. investors, Bloomberg reported Wednesday.
The probe is at an advanced stage and a settlement could be announced in coming days, the report added.
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Stephen Alpher
Stephen is CoinDesk's managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania's Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.
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