Kraken’s newly appointed CEO has declared that he has no plans to register the company with the United States Securities and Exchange Commission (SEC) or delist any tokens that have been designated as securities by the SEC. According to a Reuters article on Thursday, incoming CEO Dave Ripley stated that there is no reason for the company to register with the SEC as an exchange because it does not offer securities. Dave Ripley is set to succeed Jesse Powell as CEO after the Kraken co-founder announced his retirement on September 21.
