Kraken

Kraken to cease XMR support in Ireland and Belgium due to EU regulations. Trading and deposits stop on May 10, delisting on June 10. Balances to be converted to BTC. Monero's price holds steady amidst global regulatory scrutiny. Exchanges worldwide adjusting to comply with regulations.

Kraken's legal officer, Marco Santori, foresees a positive future for the crypto industry post-Binance settlement. Acknowledging regulatory challenges, he emphasizes the industry's readiness to progress. Santori highlights the importance of comprehensive regulation, particularly citing the Fit21 bill's impact on US crypto exchanges.

The biggest supporter of Dogecoin, Elon Musk, once again finds himself in the centre of controversy. He made statements at the DealBook Summit hosted by The New York Times.

The SEC has filed a complaint against Kraken, alleging the cryptocurrency platform operated without necessary registrations, combining multiple roles without proper approval. The accusations include providing a marketplace for securities transactions, acting as an unregistered exchange, and commingling customer funds with its own. Kraken's CEO disputes the claims, sparking a broader debate on the SEC's role in regulating cryptocurrency exchanges and the industry's future.

Netflix director Carl Erik Rinsch diverts $4 million from Conquest series budget to invest in Dogecoin, yielding a $27 million windfall, prompting a $14 million dispute with Netflix.

Kraken's co-founder, Jesse Powell, recently discussed the enduring struggles within the cryptocurrency industry amidst emerging threats to its reputation. He referenced Binance's historic $4.3 billion fine settlement with the U.S. Department of Justice and the U.S. Securities and Exchange Commission's (SEC) recent lawsuit against Kraken, illustrating the volatility faced by industry players.

The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency exchange Kraken, alleging that it violated registration provisions by unlawfully operating as a securities exchange, broker, dealer, and clearing agency.