Coin Edition -
- Kraken challenges SEC, denying allegations of operating as an unregistered securities exchange.
- Tension between crypto firms and regulators highlighted as Kraken seeks dismissal of SEC case.
- Jesse Powell advocates industry self-regulation amid Kraken’s legal stand against SEC regulation.
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 alleges that Kraken is operating as an unregistered securities exchange, broker, dealer, and clearing agency, prompting Kraken to challenge these claims.