Kraken, a prominent cryptocurrency exchange, has demanded a jury trial in response to the U.S. Securities and Exchange Commission's (SEC) allegations that it operated an unregistered securities exchange. The SEC's lawsuit, which was filed in November 2023, accuses Kraken, Payward Inc., and Payward Ventures Inc. of offering unregistered securities, including digital assets such as Cardano (ADA) and Algorand (ALGO). Kraken has denied these allegations, asserting that the assets in question are not securities under U.S. law and accusing the SEC of overreach. This legal battle follows a recent court decision that denied Kraken's motion to dismiss the lawsuit.