We strongly disagree with the SEC claims, stand firm in our view that we do not list securities, and plan to vigorously defend our position.
As we have seen before, the SEC argues that @krakenfx should “come in and register” with the agency, when there is no clear path to
San Francisco, CA
Joined June 2013
- (1/10) Today, Kraken tells the real story of the SEC’s suit.
- Today, we're sharing 2024 financials for @krakenfx We exceeded $1.5 Billion in revenue, more than 2x the previous year...and we're profitable. Our customers also entrust us with over $40B in custodial assets. Looking forward to 2025! blog.kraken.com/news/kraken-20…
- Replying to @DavidLRipley(10/10) The U.S. risks losing its standing as a world leader in innovation if it continues allowing its regulatory agencies to assert statutory authority without explicit permission from Congress. Read more:
- Kraken Financial, a state-chartered, full-reserve bank, is now live and offering services to the crypto industry! Here's the news out of #Wyoming:
- Replying to @DavidLRipley(5/10) Crypto innovators in the United States should not have to fear retaliation for their political speech. They should be free to earnestly advocate for better law and more efficient markets.
- Replying to @DavidLRipley(6/10) Today, Kraken is moving to dismiss the complaint. It was timed to intimidate those who would question the SEC’s jurisdiction, and it fails to allege any securities were traded on Kraken, illegally or otherwise.
- The SEC has agreed in principle to dismiss its lawsuit against @krakenfx. It’s a massive win for crypto, the United States of America, and the world. Since our inception, Kraken has operated with integrity and dedication to doing the right thing. Regulation by enforcement has
- Replying to @DavidLRipley(3/10) Kraken testified that this strategy from the SEC would not protect consumers, that Congress should create new rules for crypto, and, critically, that Congress should limit the SEC’s jurisdiction in favor of other agencies.
- Replying to @DavidLRipley(8/10) The court should not endorse this theory because it has no limiting principle. It would give the SEC boundless authority over commerce - from collectibles, such as sports memorabilia, trading cards, expensive watches, to commodities like diamonds.
- Replying to @DavidLRipley(4/10) The next day, the SEC called Kraken to say it was going to sue.
- Replying to @DavidLRipley(2/10) On May 10, before both the House Financial Services Committee and the House Agriculture Committee, Kraken testified about the SEC’s overreach in crypto and its flawed regulation-by-enforcement approach to policy making.
- Replying to @DavidLRipley(7/10) Instead of identifying securities, the complaint asks the court to endorse a theory that there can be an investment contract without any contract, without any post-sale obligations or even any interaction at all between the issuer and the purchaser.




