**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) donât meet the legal definition of securities. The exchange insists it didnât breach the Securities Exchange Act of 1934.
**Brazil Unfreezes Starlink, X Accounts**
Brazilâs Supreme Court has lifted a freeze on bank accounts linked to Elon Muskâs Starlink and social media platform X after a $3.3 million fine was paid. The freeze was tied to Xâs 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 âpersonal property,â providing legal protection in disputes.
**Coinbase Launches NFT Legal Defense Fund**
Coinbaseâs 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.
