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Crypto Exchange Kraken Facing SEC Probe, Settlement Could Come Soon: Bloomberg
The U.S. regulator is in the late stages of an investigation into the company's possible sale of unregistered securities, according to the report.
Updated May 9, 2023, 4:07 a.m. Published Feb 8, 2023, 9:04 p.m.
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Kraken is under investigation by the U.S. Securities and Exchange Commission (SEC) as to whether rules were broken in certain offerings to U.S. investors, Bloomberg reported Wednesday.
The probe is at an advanced stage and a settlement could be announced in coming days, the report added.
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Stablecoin volume reached $35 trillion in 2025 as illicit share stays below 0.5%
Even as sanctions-linked networks drove $141 billion in illicit stablecoin flows last year, TRM data shows the activity represents a fraction of total transaction volume.
What to know:
- Less than 0.5% of stablecoin transactions in 2025 were tied to illicit activity, even as total stablecoin transfer volume rose nearly 20% to at least $35 trillion.
- Illicit entities received $141 billion in stablecoins in 2025, more than half of it linked to the ruble-pegged A7A5 token, whose executives dispute claims that their operations are illegal.
- Stablecoins made up 86% of all illicit crypto flows in 2025, with sanctions-related networks such as the A7 ecosystem evolving into large, centralized cross-border financial systems.
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