Kraken Pushes Back Against SEC Lawsuit, Demands Jury Trial
Portfolio Pulse from Murtuza Merchant
Kraken is challenging the SEC's lawsuit by demanding a jury trial, arguing that digital assets are not covered under current securities laws. This case is part of a broader regulatory crackdown on the crypto industry, with similar lawsuits against Binance and Coinbase.
September 13, 2024 | 3:49 pm
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Coinbase, like Kraken, is involved in a legal battle with the SEC over the classification of digital assets. Coinbase's partial victory in obtaining SEC documents could influence Kraken's case and the broader regulatory landscape.
Coinbase is mentioned as having a similar legal battle with the SEC, and its partial victory in obtaining documents could influence Kraken's case. This ongoing legal context is important for investors as it may affect regulatory outcomes.
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