Crypto Clash: Kraken Challenges SEC’s Definition Of Securities

Crypto exchange Kraken has intensified its fight against the US Securities and Exchange Commission (SEC) by formally submitting a reply in support of its motion to dismiss the agency’s lawsuit. The filing, dated May 9, 2024, challenges the SEC’s claim that Kraken operated as an unregistered exchange dealing with securities, specifically “investment contracts.” Led by […] source: https://bitcoinist.com/crypto-kraken-fights-sec-definition-securities/