KRAKEN FIRES BACK AT SEC

Kraken’s throwing down hard against the SEC’s claims that they’re trading unregistered securities like Cardano (ADA) and Algorand (ALGO).

Kraken’s like, “Nah, these assets don’t fit the securities bill,” and they’re rolling with the Howey test to prove it.

They’re also calling out the SEC for being extra with their rules and not keeping things clear.

Ripple and Coinbase peeps are chiming in too, saying the SEC’s stance is a hot mess.

It’s a wild ride, and for those of us riding the crypto wave, it’s just another reminder that we’re still waiting for some real regulatory clarity.

Source: CoinTelegraph & Mario Nawfal