2024

United

when

Terra

<ul class="wp-block-list news-points"> 
 <li>The court in the Kraken case rejected the SEC’s “tokens are securities” theory.</li> 
 <li>The SEC’s “crypto asset security” concept was “unclear at best and confusing at worst.”&nbsp;</li> 
 <li>The agency’s regulation by enforcement strategy has blown apart, said Ripple legal chief.</li> 
</ul> 
A U.S. federal court dealt a blow to the SEC’s regulatory approach, when it ruled that digital assets traded on Kraken were not securities. This ruling not only impacts the SEC’s ongoing crackdown on crypto firms but also raises fundamental questions on the agency’s authority to classify tokens as securities. 
The SEC’s broad assertion that “tokens are securities” has been facing increasing scrutiny over the years. And with the court finding this concept as “unclear” and “confusing,” echoing sentiments from the Ripple case, this is a massive win for Kraken and for the broader digital asset ecosystem. 
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 Today, the Federal Court for the Northern District of California ruled, as matter of law, that none of the tokens trading on Kraken are securities. This is a significant win for Kraken, for the principle of clarity and for crypto users everywhere. It also confirms Kraken’s…— Marco Sa…
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The post <a href="https://coinedition.com/kraken-win-court-rejects-secs-tokens-are-securities-claim/">Kraken Win: Court Rejects SEC’s ‘Tokens are Securities’ Claim</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Kraken Win: Court Rejects SEC’s ‘Tokens are Securities’ Claim

Coin Edition

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