This critique from Kraken underscores the SEC’s apparent linguistic missteps in its response to Kraken’s motion to dismiss the case. By failing to clearly delineate the securities in question, Kraken argues that the SEC’s accusations lack credibility and fail to meet the standards of legal clarity. Continue reading

The war of words between Kraken and the US Securities and Exchange Commission continued with a new filing by the crypto exchange that argues the agency’s case isn’t even worded correctly.

Kraken has filed a detailed reply to the SEC’s lawsuit, challenging the agency’s allegations of trading unregistered securities.

Crypto exchange Kraken has replied to the United States Securities and Exchange Commission’s (SEC) accusations of unregistered securities trading. Kraken points out the SEC’s legal interpretation errors and inconsistencies and focuses on the agency’s contestation of its legal argument.