According to Bloomberg, the US Securities and Exchange Commission is investigating cryptocurrency exchange Kraken for the sale of unregistered securities. According to the report, the regulator’s investigation is nearing completion and could result in a settlement with the San Francisco-based platform in the coming days. SEC Chair Gary Gensler has previously stated that companies that help facilitate transactions in the cryptocurrency market, like other market intermediaries, should register with the agency. In September, Kraken’s incoming CEO told Reuters that the exchange had no plans to register with the SEC as a market intermediary or to delist crypto tokens that the regulator had labelled as securities.
