Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
A Texas cryptocurrency company and an industry group, including Coinbase and a16zcrypto, sued the SEC seeking clarity on digital asset regulations. Kraken also filed to dismiss an SEC lawsuit, alleging retaliation and overreach by the agency.
Legal Update: @krakenfx releases their full story in the @SECGov case and why they are moving for dismissal. https://t.co/kn2uUemIP2 "The SEC never points to any “contract” between buyers on Kraken and token issuers, so there can’t be an “investment contract”" "Digital assets…
Yesterday, @krakenfx filed a motion to dismiss its SEC enforcement action. The brief is a great read, a strong argument for why the SEC is wrong on the law. As is the blog post, which basically accuses the SEC of retaliation over testimony in Congress 👀 https://t.co/onwHNj0rhl
While echoing legal arguments from similar SEC lawsuits against Coinbase and Binance, Kraken also accuses the SEC of "retaliation," arguing that it received notice of the lawsuit a day after its chief legal officer gave House testimony. My write-up: https://t.co/enezInpNRx