- Cryptocurrency exchange Kraken has requested a jury trial in its case against the U.S. Securities and Exchange Commission (SEC).

- A California judge has ruled that the SEC's lawsuit against Kraken will proceed to trial.

- The SEC accuses Kraken of violating federal securities laws for failing to register as a broker, clearinghouse, or exchange.

- Kraken denies the allegations, arguing that digital assets are not covered by the Securities Act and the Exchange Act.

- The exchange also claims that the SEC's actions violate its First Amendment rights.