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US Senator On Kraken Lawsuit: "SEC Unnecessarily Harming Customers"

source-logo  coingape.com  + 5 more 21 November 2023 07:50, UTC

US Senator Cynthia Lummis, a pro-crypto lawmaker from Wyoming, lashed out at the US Securities and Exchange Commission (SEC) over the Kraken lawsuit that charged the crypto exchange of operating as an unregistered securities exchange, broker, dealer, and clearing agency. The lawsuit comes after a long drawn investigation, following reports on February 9, 2023 about the exchange being under the SEC’s watch for potential misdoings.


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