The recent legal lawsuit against crypto exchange Kraken, filed by the US Securities and Exchange Commission (SEC) has become even more complex.
At the same time, the agency’s enforcement faces criticism from crypto communities, prominent figures and members of Congress.
Following Binance and Coinbase, crypto giant Kraken has been thrust into the latest legal battle with the SEC. In response to the SEC’s allegations, Kraken has issued a resolute statement, firmly asserting that no securities have been listed on its exchange. The company has also vowed to defend its position vigorously in the court.
Kraken’s Executives: It’s Time to Leave the Market
The SEC came under fierce criticism for its enforcement. Kraken CEO David Ripley and co-founder Jesse Powell expressed disagreement with the accusations. Ripley argued that the SEC made false claims about the company’s operations and its approach to regulating…
