2. SEC Sues Kraken for Securities Laws Violations The Securities and Exchange Commission (SEC) has filed a lawsuit against Kraken, accusing the exchange of operating without authorization and intentionally commingling user and company assets. The lawsuit also mentions that Kraken has listed 16 securities, including MATIC, SOL, and ADA. Kraken had previously paid a $30 million fine on February 9 and was instructed to cease offering staking products to US customers.