The post Kraken Wins $22M From Auditor That Abandoned It During Operation Choke Point 2.0 appeared on BitcoinEthereumNews.com.
In brief An arbitrator awarded Payward, Kraken’s parent company, $22 million after it sued former auditor Mazars USA for quitting a nearly complete audit, the exchange said in a blog post. Co-CEO Arjun Sethi said Mazars cited legal uncertainty around the SEC’s since-dismissed case against Kraken when it withdrew, and alleged the firm had been pressured to drop the industry. Payward is asking the Delaware Court of Chancery to enter final judgment on the award, and Sethi used the letter to press for passage of the Clarity Act. Kraken’s parent company, Payward, has won a $22 million arbitration award against its former auditor, Mazars USA, which walked away from a nearly finished audit, the crypto exchange said in a blog post on Tuesday. Payward is now asking the Delaware Court of Chancery to enter final judgment on the award, in an open letter from co-CEO Arjun S
The post Sec Crypto Exchange Regulation Advances With 2026 Rule Proposals appeared on BitcoinEthereumNews.com.
The U.S. Securities and Exchange Commission is moving to put SEC crypto exchange regulation on a formal legal footing, adding three distinct crypto-focused rulemakings to its 2026 Unified Regulatory Agenda. The move signals that the agency, under Chair Paul Atkins, is shifting from policy statements and enforcement pauses toward binding rules — and the clock is ticking. Key takeaways The SEC added three crypto rules to its 2026 Unified Regulatory Agenda, all targeting a Notice of Proposed Rulemaking in July 2026. The three rules cover crypto asset offerings (RIN 3235-AN38), broker-dealer capital and customer-protection requirements (RIN 3235-AN48), and crypto market structure amendments (RIN 3235-AN49). No proposed rule texts have been released yet; July 2026 dates are targets, not final filings. The agenda follows the SEC’s June 2026 strategic plan naming digital-asset rulema
The post Kraken Arbitration Win Highlights Regulatory Challenges appeared on BitcoinEthereumNews.com.
Kraken’s parent company just turned years of regulatory frustration into a $22 million arbitration win — and the story behind it exposes just how much damage the Biden-era crackdown on crypto quietly inflicted on the industry. Key takeaways Payward, Kraken’s parent company, won a $22 million arbitration award against auditor Mazars USA after the firm abandoned a nearly complete audit in 2022. Mazars halted the audit just days before completion, citing legal uncertainty including an SEC complaint against Kraken — a complaint later dismissed after Gary Gensler resigned. The arbitrator found that Mazars’ withdrawal created a “licensing crisis” for Kraken, affecting its ability to obtain state money transmitter licenses; $12.5 million of the award relates to Kraken’s acquisition of TradeStation Crypto. Operation Choke Point 2.0 — the Biden administration’s unofficial campaign pressuring ba
The SEC's proactive crypto regulation could enhance market clarity, potentially positioning the US as a global leader in digital asset innovation.
The post SEC adds three crypto rules to 2026 regulatory agenda appeared first on Crypto Briefing.
The post SEC Adds Three Crypto Rules to 2026 Regulatory Agenda appeared on BitcoinEthereumNews.com.
The Securities and Exchange Commission listed three crypto-focused rulemakings in its 2026 Unified Regulatory Agenda, targeting proposed rules as soon as July, according to the agency’s own Agency Rule List published on reginfo.gov. The Securities and Exchange Commission listed three crypto-focused rulemakings in its 2026 Unified Regulatory Agenda, targeting proposed rules as soon as July, according to the agency’s own Agency Rule List published on reginfo.gov. The agenda entries cover crypto asset offerings, broker-dealer requirements and market structure, each marked “Proposed Rule Stage” with a target Notice of Proposed Rulemaking date of “07/00/2026.” The Crypto Assets rule (RIN 3235-AN38) would address the offer and sale of digital assets, “potentially to include certain exemptions and safe harbors.” Broker-Dealer Capital Rules A second item, RIN 3235-AN48, would amend broker-dealer
The Securities and Exchange Commission listed three crypto-focused rulemakings in its 2026 Unified Regulatory Agenda, targeting proposed rules as soon as July, according to the agency's own Agency Rule List published on reginfo.gov.
The post Crypto Exchange Kraken Is Going After a Full Banking License in Europe appeared on BitcoinEthereumNews.com.
Key highlights: Kraken wants to have a bank in Europe This would make it the only crypto exchange with a license in the EU The update comes as MiCA rules become fully enforced The European crypto market is developing fast, and a major exchange has decided to take it up a notch. The Kraken crypto exchange is now pursuing a full banking license in Europe, and Lithuania has been named as the preferred country for securing this approval. The development comes as the European Union is introducing stricter regulations for crypto companies under its Markets in Crypto-Assets Regulation (MiCA). Many firms failed to secure this license. For example, Binance, which has started to shut down operations in the region. Meanwhile, some are looking for ways to strengthen their position in the region. Kraken pushes for a banking license Kraken is now actively pushing to conduct banking o
