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 SEC Sues Kraken For Operating Unregistered Securities Platform

Kraken joined the ranks of Coinbase and Binance as the exchange is being sued by the Securities and Exchange Commission (SEC) for failing to register as securities business in the United States.

https://www.nobsbitcoin.com/kraken-sec-lawsuit/ 
 Decentralised exchanges are the future. Exchanges like Kraken and Coinbase are overly exposed to law and regulation so they will  eventually be squeezed out of business. 
 Waiting for the day a DEX using Lightning to lock BTC or stables into smart contract with the platform arrives