New Kraken CEO Says Crypto Exchange Won’t Register With SEC: Report
The incoming CEO of crypto exchange Kraken reportedly says the firm has no plans to register with the US Securities and Exchange Commission (SEC).
According to a new report from Reuters, Dave Ripley, who will take the place of current CEO Jesse Powell, says that Kraken will not register with the SEC as a market maker or remove tokens that the regulatory agency has deemed to be securities.
In July, the SEC reportedly opened an investigation into leading US crypto exchange Coinbase for allegedly offering unregistered securities. At the time, the regulator classified a handful of cryptocurrencies listed on Coinbase as securities.
Ripley says Kraken has no plans to delist these tokens and will not register with the SEC despite chairman Gary Gensler’s calls for crypto exchanges to do so.
However, Ripley does not rule out that Kraken may one day list crypto-assets that are securities.
“There are no tokens out there that are securities that we are interested in listing. There may be a new token out there that becomes interesting and is also a security [and] if so, we would potentially be interested in that path.”
Last week, Kraken announced that Powell would step down from his role as CEO and instead serve as the company’s chairman.
Set to succeed Powell, Ripley said his goals would largely mirror those of his predecessor — to accelerate the adoption of digital assets.
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