**Kraken Denies SEC Allegations**

Crypto exchange Kraken has fired back at the U.S. SEC, denying claims it violated federal securities laws. In a Sept. 12 filing, Kraken argued that assets like Solana (SOL) and Cardano (ADA) don’t meet the legal definition of securities. The exchange insists it didn’t breach the Securities Exchange Act of 1934.

**Brazil Unfreezes Starlink, X Accounts**

Brazil’s Supreme Court has lifted a freeze on bank accounts linked to Elon Musk’s Starlink and social media platform X after a $3.3 million fine was paid. The freeze was tied to X’s non-compliance with orders to block accounts spreading misinformation.

**UK Clarifies Crypto Legal Status**

The UK government introduced a bill on Sept. 11 to clarify the legal status of Bitcoin and other cryptocurrencies. The Property Bill aims to define digital assets as “personal property,” providing legal protection in disputes.

**Coinbase Launches NFT Legal Defense Fund**

Coinbase’s advocacy group, Stand With Crypto, announced a $6 million legal defense fund for NFT projects on Sept. 13. Backed by a16z and OpenSea, the fund aims to support creators facing legal challenges from the SEC.