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News Explorer — Kraken Denies SEC Allegations and Demands Jury Trial Over Securities Claims

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Sep 13, 2:30 pm

Decrypt

Kraken Denies SEC Allegations and Demands Jury Trial Over Securities Claims

Kraken has responded to the SEC's lawsuit, denying allegations of being an unregistered securities exchange. The exchange demanded a jury trial and argued against the SEC's classification of 11 crypto assets as "crypto asset securities." Kraken's chief legal officer emphasized that a court had already dismissed the SEC's attempt to classify these tokens as securities.

Kraken has responded to the SEC's lawsuit, denying allegations of being an unregistered securities exchange. The exchange demanded a jury trial and argued against the SEC's classification of 11 crypto assets as "crypto asset securities." Kraken's chief legal officer emphasized that a court had already dismissed the SEC's attempt to classify these tokens as securities.

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