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<ul class="news-points"> 
 <li><strong>Kraken challenges SEC, denying allegations of operating as an unregistered securities exchange.</strong></li> 
 <li><strong>Tension between crypto firms and regulators highlighted as Kraken seeks dismissal of SEC case.</strong></li> 
 <li><strong>Jesse Powell advocates industry self-regulation amid Kraken’s legal stand against SEC regulation.</strong></li> 
</ul> 
<p>Fox Business reporter Eleanor Terret took to X to address that Kraken, the second-largest cryptocurrency exchange in the United States, has taken legal action, filing a motion in a Northern California court to dismiss allegations put forward by the Securities and Exchange Commission (SEC). The SEC <a href="https://www.sec.gov/news/press-release/2023-237" target="_blank" rel="nofollow">alleges</a> that Kraken is operating as an unregistered securities exchange, broker, dealer, and clearing agency, prompting Kraken to challenge these claims.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">NEW: We now have the nation’s #1 and #2 <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> exchanges using the courts to fight back against regulation by enforcement by the <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@SECGov</a>. <br><br>What an interesting year this is turning out to be. <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f440.png" alt="👀" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/7elZPDj4q5" target="_blank" rel="nofollow">https://t.co/7elZPDj4q5</a></p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1760832873869811898?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 23, 2024</a>
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<p>A Kraken spokesperson <a href="https://storage.courtlistener.com/recap/gov.uscourts.cand.421113/gov.uscourts.cand.421113.25.0.pdf" target="_blank" rel="nofollow">emphasized</a> the clarity of legal statutes, asserting that none of the assets mentioned in the SEC’s complaint meet the criteria for “inves…</p>
<p>The post <a href="https://coinedition.com/kraken-challenges-sec-crypto-exchange-fights-allegations-in-legal-battle/">Kraken Challenges SEC: Crypto Exchange Fights Allegations in Legal Battle</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Kraken Challenges SEC: Crypto Exchange Fights Allegations in Legal Battle

Coin Edition

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