Kraken fires back at SEC! đ
- Kraken denies SEC allegations of violating federal securities laws.
- SEC says several digital assets on Kraken are unregistered securities.
- Kraken asserts that ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG, and SOL are not securities.
- Kraken argues that the SEC failed to prove that the assets were investment contracts, citing SEC v. W.J. Howey Co..
- Kraken criticizes SEC for lack of clarity in applying securities laws to digital assets.
- Stuart Alderoty (Ripple) and Paul Grewal (Coinbase) also criticized the SEC for their contradictory views.
What do you think about this legal battle? Comment now! đŹ#CryptoNews#Blockchain#BTC#Kraken #SEC