BlockBeats News, on November 7, the U.S. Securities and Exchange Commission (SEC) filed a motion in the Northern District Court of California seeking to dismiss a key defense put forth by Kraken in their ongoing legal dispute.

According to the motion submitted on Tuesday, the regulatory agency claims that when it accused Kraken of violating securities laws by offering crypto assets as "investment contracts," Kraken had received fair notice in advance.

The timing of the SEC's motion submitted on Election Day has drawn criticism from Kraken's legal team, who believe it is a strategy to evade "investigating the SEC's flaws and inconsistent policies." (Decrypt)