Kraken crypto exchange challenges SEC's ambiguous terms in legal battle.
Kraken, a crypto exchange, is challenging the U.S. Securities and Exchange Commission (SEC) over the use of ambiguous terms in the legal battle. In a new filing, Kraken criticizes the SEC for not specifying the exact nature of the “investment contracts” involved in the activities on its platform. Instead, the SEC referred to "investment concepts" and "ecosystems." Kraken argues that the SEC's failure to properly define the securities involved undermines the legitimacy of the regulatory body's accusations.
May 09, 2024
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