Posted 2/23/2024, 12:58:00 AM
Kraken Fights Back Against SEC Lawsuit, Calls it Retaliation for CEO's Testimony on Crypto Rules
- Kraken files motion to dismiss SEC lawsuit, calls it retaliation for CEO's Congressional testimony
- Lawsuit alleges Kraken operated as unregistered exchange and commingled customer funds
- Kraken settled previous case with SEC in Feb. 2023, paid $30M fine over staking program
- Kraken argues SEC overreaching by calling crypto assets like Solana and MATIC securities
- Several pending crypto exchange lawsuits question if tokens are securities under SEC jurisdiction