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Eight state attorneys general, including Montana, Arkansas, Iowa, Mississippi, Nebraska, Ohio, South Dakota, and Texas, have collectively filed a joint amicus brief challenging the U.S. Securities and Exchange Commission's authority in the lawsuit against cryptocurrency exchange Kraken. They argue that the SEC's enforcement actions exceed its delegated powers and pose concerns over separation of powers and due process. Various prominent figures, such as U.S. Senators, Representatives, presidential candidates, ex-SEC Commissioners, and legal scholars, also dispute the SEC's claim of authority over crypto assets.
8 STATE ATTORNEYS GENERAL CHALLENGE SEC'S AUTHORITY IN KRAKEN LAWSUIT Eight attorneys general from U.S. states, including Montana, Arkansas, Iowa, Mississippi, Nebraska, Ohio, South Dakota, and Texas, collectively submitted a joint amicus brief on Thursday. The brief argues… https://t.co/7tvjIsyPmu
The Attorney Generals of 8 U.S. States are siding with @krakenfx against the SEC. "The SEC’s enforcement action exceeds its delegated powers" they say. Gary plz stop suing crypto exchanges for existing. a) no one asked for that b) you don't even have the authority. https://t.co/Z2ggPCOYF4
Chamber of Digital Commerce: #SEC Legal Actions 'Pose Separation of Powers and Due Process Concerns' #Kraken https://t.co/jbt7slbsIi