‚#Kraken, the popular U.S.-based centralized exchange, is the latest web3 entity to face legal action from the U.S. Securities and Exchange Commission, with the #SEC accusing Kraken of illegally offering unlicensed securities to retail investors.‘

https://thedefiant.io/sec-sues-kraken-alleging-unlicensed-securities-trades-and-commingling-of-customer-funds