No ‘Security’ Token Delisting Plans for New Kraken Boss

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Kraken exchange’s incoming chief executive has no plans to register with the SEC because it does not offer securities.

The firm’s former chief operating officer, Dave Ripley, will assume the role of CEO after it hires a new COO.stepping downRipley also stated that the exchange has no intentions of delisting any tokens that the SEC has unofficially deemed as securities, according to. Its decision not to play ball with the US regulator keeps the company on track with its libertarian ideals.

The SEC is currently investigating leading exchange Coinbase for similar issues regarding the listing of securities. Kraken has largely survived the crypto rout and contagion that caused multiple bankruptcies for the likes of Celsius and Voyager Digital, among others. It is considering acquisitions that improve its product portfolio, which includes a planned nonfungible token marketplace and banking services for institutional clients.9 Million Users

 

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