HOT DEVELOPMENT đ„ SEC Takes Stage Again Huge Bitcoin Exchange Files Lawsuit Against Kraken!
SEC continues to target cryptocurrency companies.
While the market has burned a momentum green candle after months, the SEC seems to be disturbed by this incident again, and its timing remains meaningful.
According to the information received in the last minutes, the US Securities and Exchange Commission (SEC) has filed a lawsuit against the giant cryptocurrency exchange Kraken. Known for its anti-cryptocurrency moves, the SEC seems to continue to target giant crypto companies.
According to Bloomberg, the SEC sued Kraken for not registering as a cryptocurrency exchange. Fox Business journalist Eleanor Terrett shared the following words on the X/Twitter account about the SEC's latest step:
âA California judge has dealt Kraken a double blow. It both rejected Krakenâs request to dismiss the SEC lawsuit and called the SECâs argument that crypto tokens sold on Krakenâs platform were offered or sold as investment contracts âadmissible.â
The latest move by the SEC and the California judge demonstrates the ongoing regulatory crackdown on the crypto sector. The election of Donald Trump as President of the United States could change that.
