United

Coin

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 <li>Eight state attorneys general in the United States filed an amicus brief, questioning the SEC’s “regulatory power grab.”</li>
 <li>The lawyers warn that the SEC’s undelegated authority puts consumers at risk.</li>
 <li>Kraken’s Chief Legal Officer Marco Santori points out the inconsistency in the SEC’s definition of investment contracts.</li>
</ul>
In a novel turn in the Kraken-SEC legal battle, eight state attorneys general in the United States filed an amicus brief, questioning the Securities and Exchange Commission’s (SEC) “regulatory power grab.” Kraken’s Chief Legal Officer, Marco Santori, shared an X post, shedding light on the state attorneys’ claims against the regulators.
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 Last week: You read <a href="https://twitter.com/krakenfx?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@krakenfx</a>'s motion to dismiss the SEC’s case against crypto. Today: You’re reading about “a regulatory power grab,” how “the SEC has appointed itself crypto regulator“, and that ”the SEC… puts consumers at risk” But wait. That’s not Kraken talking.…— Marco Santori (@msantoriESQ) <a href="https://twitter.com/msantoriESQ/status/1763578748723482866?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 1, 2024</a>
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Kraken has been advocating for Congress’s intervention in the SEC’s autocratic power over the crypto sector. Though the SEC later<a href="https://www.sec.gov/news/press-release/2023-237" target="_blank" rel="noopener noreferrer nofollow"> accused</a> the company of opera…
The post <a href="https://coinedition.com/state-attorneys-general-question-the-secs-regulatory-power-grab/" rel="noopener noreferrer nofollow">State Attorneys General Question the SEC’s ‘Regulatory Power Grab’</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

State Attorneys General Question the SEC’s ‘Regulatory Power Grab’

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