Is Kraken safe for US citizens?

As a cryptocurrency investor based in the United States, I've been hearing a lot about Kraken, a prominent digital asset exchange. However, given the numerous scams and fraudulent platforms out there, I'm concerned about the safety and security of my funds. So, I'm wondering: Is Kraken truly safe for US citizens to use? What measures does it take to protect its users' assets? Has it faced any significant security breaches in the past? And how does it compare to other major exchanges in terms of safety and regulatory compliance? Answers to these questions would greatly assist me in making an informed decision about whether to use Kraken for my crypto trading needs.