Did Kraken violate the Securities Exchange Act of 1934?
Could you elaborate on the recent accusations surrounding Kraken and their alleged violation of the Securities Exchange Act of 1934? Are there specific actions or transactions that have raised concerns among regulators or investors? How might such a violation impact the cryptocurrency market and Kraken's reputation in the industry? And finally, what steps is Kraken taking to address these allegations and ensure compliance with securities laws in the future?
How did the Securities Exchange Act of 1934 affect the stock market?
Could you elaborate on the significant implications the Securities Exchange Act of 1934 had on the stock market? How did it reshape investor protections, regulate securities trading, and enhance transparency? Did it introduce measures to prevent fraud and manipulation, thus fostering a more stable and reliable market? Also, how did the Act influence the role of broker-dealers and the Self-Regulatory Organizations in ensuring compliance and overseeing the market? I'm curious to understand the broader implications and long-term effects it had on the stock market landscape.