Kraken Wins $22 Million Arbitration as Arjun Sethi Calls for Clear Crypto Rules
The post Kraken Wins $22 Million Arbitration as Arjun Sethi Calls for Clear Crypto Rules appeared on BitcoinEthereumNews.com. Key Takeaways Payward won a $22M award and asked Delaware court to enter judgment against Mazars USA. Kraken says Mazars’ exit reflected 2023 crypto regulatory pressure and debanking concerns. Arjun Sethi urged Congress to pass the CLARITY Act for clearer U.S. crypto rules. Kraken Asks Delaware Court to Enforce $22 Million Award Against Mazars USA Payward, the parent company of Kraken, has asked the Delaware Court of Chancery to enter final judgment against Mazars USA after an arbitrator awarded the crypto exchange operator $22 million. The dispute stems from Mazars’ decision to withdraw from Kraken’s nearly completed 2022 audit in December 2023. According to Payward Co-CEO Arjun Sethi, Mazars had audited Kraken for three years, issued two clean opinions, and was days away from completing a third. Sethi said the auditor confirmed in writing that it did not disag