Kraken Denies SEC Charges, Claims Digital Assets Are Not Securities
Article is form Jinse
September 16, 2024
This article is translated by ChatGPT Show original
Kraken, a cryptocurrency exchange, has responded to charges of violating federal securities laws by the Securities and Exchange Commission (SEC).
In legal documents filed on September 12, the exchange denied the SEC's allegations, arguing that the assets cited by the regulator do not meet the legal definition of securities.
Kraken stated in the documents that it did not violate "Sections 5, 15(a), and 17A of the Securities Exchange Act of 1934" because the referenced assets "are not securities or investment contracts."
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