Kraken Accused by SEC of Operating Unregistered Platform, Improperly Mixing Customer Funds

Atmosphere (Shutterstock/CoinDesk)



The federal regulator, as it has with those previous suits, listed a number of tokens it deemed to be unregistered securities, including the Algorand token (ALGO), Polygon’s MATIC and NEAR. According to the suit, Kraken took a direct role in promoting these tokens to the investing public.



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