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Kraken denies SEC claims, argues digital assets aren’t securities

Kraken firmly disputes SEC allegations, citing the lack of clarity in federal securities law and overreach in its regulatory scope.

Kraken, a centralized cryptocurrency exchange, has responded to the United States Securities and Exchange Commission (SEC) ’s claim that it violated federal securities laws.

The SEC alleged that multiple digital assets the crypto exchange offers qualify as unregistered securities.

In the legal filing response, Kraken firmly denies the allegations, maintaining that the assets in question do not meet the legal definition of securities under US law.

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Kraken firmly disputes SEC allegations, citing the lack of clarity in federal securities law and overreach in its regulatory scope.
Kraken, a centralized cryptocurrency exchange, has responded to the United States Securities and Exchange Commission (SEC) ’s claim that it violated federal securities laws.The SEC alleged that multiple digital assets the crypto exchange offers qualify as unregistered securities.In the legal filing response, Kraken firmly denies the allegations, maintaining that the assets in question do not meet the legal definition of securities under US law.Read more  

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