Cryptocurrency exchange Kraken has responded to the US SEC's allegations that it violated federal securities laws.

- In a legal filing on September 12, Kraken denied the allegations, saying that the assets mentioned by the regulator are not securities.

- The SEC mentioned assets such as Solana (SOL), Cardano (ADA), Algorand (ALGO), and others.

- Kraken claims that it did not violate laws, since these assets do not fall under the definition of securities.

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