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On November 5, Binance and its CEO, Changpeng Zhao (CZ), filed a motion to dismiss the SEC’s revised lawsuit, challenging the regulatory authority over cryptocurrency. In a parallel development, on November 7, the SEC is seeking court approval to dismiss three of Kraken’s key legal defenses in an ongoing lawsuit. The SEC claims Kraken has been sufficiently warned about regulatory issues, while Kraken argues that the SEC is attempting to avoid addressing critical questions about its regulatory practices.
⚖️ BREAKING: SEC seeks to dismiss Kraken’s key defenses, challenging its claims of regulatory overreach amid ongoing lawsuit. https://t.co/BASx5XDgFX
[COINDESK] SEC Seeks to Dismiss Three of Kraken’s Key Defenses in U.S. Lawsuit
SEC VS KRAKEN: WHO’S REALLY GOT RECEIPTS? So Gensler must have woke up on the wrong side of the bed: the SEC just dropped a move to nuke Kraken’s defenses—claiming they warned ‘em enough. Kraken calls BS, saying the SEC’s just trying to dodge tough questions about its sketchy… https://t.co/MNZtwylGDq
