The two cryptocurrency exchanges are under increased U.S. scrutiny for allegedly listing unregistered securities and evading sanctions, respectively.
- Coinbase is reportedly under investigation by the SEC.
- The investigation is meant to determine if the company listed cryptocurrencies that should have been considered securities.
- Kraken reportedly is under investigation by the U.S. Treasury Department for violating sanctions.
Scrutiny over cryptocurrency exchanges from U.S. regulators is growing by the day.
Coinbase Global Inc., ($ COIN) is facing a probe from the Securities and Exchange Commission (SEC) following recent charges being brought against a former product manager of the company for insider trading.