New Kraken CEO opposes SEC registration of the exchange

New Kraken chief executive Dave Ripley said he does not see a reason to register the trading platform with the US Securities and Exchange Commission (SEC). Reuters reports.

According to him, Kraken does not offer securities to its 9 million clients. Ripley also said the exchange does not plan to delist tokens at the SEC’s request.

In February, Kraken rejected the proposal to block the accounts of all users from Russia without legal grounds. The former CEO of the exchange, Jesse Powell, explained the position with libertarian values.

In September the man who replaced him as chief executive Dave Ripley pledged to stay on the company’s cultural course. Previously, he served as Kraken’s chief operating officer.

Gensler has said that the majority of cryptocurrencies are securities and fall under the regulator’s jurisdiction. In his view, industry participants should register with the Commission “regardless of whether they call themselves decentralized”.

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