Kraken's legal argument hinges on the interpretation of the Securities Act and the Exchange Act, asserting that digital assets are not included under these regulations.
In its defense, Kraken stated it was not required to register with the SEC, asserting it does not fit the definitions of an exchange, broker dealer, or clearing agent.
The SEC's lawsuit seeks a permanent injunction against Kraken, citing the exchange's alleged violations of securities laws by offering unregistered securities.
Kraken's request for a jury trial reflects its firm stance against the SEC, claiming it has not engaged in illegal conduct and presenting multiple defenses.
Collection
[
|
...
]