Cryptocurrency exchange, Kraken, is facing an investigation by the US Securities and Exchange Commission (SEC) over concerns about offering digital assets that could qualify as unregistered securities.
According to a Bloomberg report, the investigation is already in the advanced stages and could soon result in a settlement. However, neither the regulator nor the cryptocurrency exchange confirmed the probe.
The SEC is vigilant against the cryptocurrencies that could qualify as unregistered securities and the platforms offering them. It has busted several such small cryptocurrencies, mostly frauds, and is also in an ongoing legal fight with Ripple
