Kraken recently responded to the U.S. Securities and Exchange Commission (SEC) regarding allegations of violating federal securities laws. In legal documents filed on September 12, Kraken stated that the assets cited by the SEC do not meet the legal definition of securities. The company asserted in its filings that the platform did not violate "Sections 5, 15(a), and 17A of the Securities Exchange Act of 1934," as the relevant assets "are not securities or investment contracts." The assets mentioned in the SEC's allegations include SOL, ADA, ALGO, ATOM, FIL, MATIC, and five other cryptocurrencies. (Cointelegraph)