Kraken targetted by SEC////10%to @tron-fan-club

The situation for Crypto exchanges in the United States will not be better soon. The Security and Exchange Commission has been trying to target all the exchanges operating in the US for different reasons and now Kraken is the next target by the authority. As per the exchange commission, this company known as Kraken has been operating without registering in the country as per the requirement. It is hard to say whether these allegations are right because I understand that no company can operate in countries like ours without proper registration.

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The authorities like security and Exchange Commissions are now more active than they should have been done it before when the company started its operation. This is also clear that the Kraken exchange must be paying the taxes applicable to the US government how come the SEC could not figure it out in the beginning? Why they are active all of a sudden and trying to target one after another crypto exchange in the country?

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Pixabay

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This is something that looks fishy because the SEC has not been following fair practices and somewhere they are biased for some reason. We have seen how they have targeted some other exchanges as well and I think by now almost every exchange has gone through such proceedings. Because of this we have here some of the exchanges have also decided to leave the us market or expand to other countries so that they can focus more on the business instead of legal issues which are not worth their time. Crypto is an unregulated market and this is why the SEC as an organization should work in the direction of regulating it instead of creating problems for the companies who deal in Crypto.

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Hopefully, things get better in the coming years but looks like it is not going to happen soon. This is not good for the crypto space because this will impact the overall market in us and probably because of this many new exchanges might not choose to enter us or start their business in the country.