Kraken appoints ex-Paxos exec as new chief legal officer

Crypto Exchange Kraken appointed Ben Gray, a former World Advocate General of Paxos, as a new Legal Director -in Chief.

Cryptocurrency exchange based in the United States Kraken Hired Ben Gray as a new Legal Director -in Chief to strengthen his legal team. In a blog adThe exchange said that Gray will oversee the management of legal, compliance and business risks.

Kraken Arjun Sethi’s CO-PDG says Gray will play a “critical addition” to the exchange management team while the commercial company evolves the company.

“His in -depth experience as a general councilor and responsible for compliance makes it an ideal Clo for Kraken, while industry continues to fight for regulatory clarity and consumer protection.”

Kraken Co-PDG Arjun Sethi

Before joining Kraken, Gray worked as a world general lawyer in PaxosA blockchain company known to emit stablescoins for Paypal, and also worked with Binance. His appointment comes at a crucial moment for Kraken, who has been the subject of increased control of regulators.

In 2023, the American Commission for Securities and Exchange has filed a legal action Against Kraken, accusing the exchange of illegal titles operations. The SEC says Kraken has worked as an exchange of securities without registering with the regulator, accusing him of winning hundreds of millions of dollars while ignoring the laws on the protection of investors. The SEC also underlined mediocre internal controls and customer funds with its own. In response, Kraken argued that any “commander” was simply to cover the won operating expenses.