Kraken: The SEC repeatedly used terms such as investment “concepts” and “ecosystems” in its arguments, rather than “investment contracts” and “enterp
cryptocurrency exchange Kraken submitted a response to the US Securities and Exchange Commission's letter in April regarding the company's motion to dismiss the case. The response states that the agency failed to identify "any investment contract(s) offered or sold on (or through) Kraken for trading, intermediation, or settlement." The document points out that the US Securities and Exchange Commission repeatedly used terms such as "investment concept" and "ecosystem" in its arguments instead of "investment contract" and "enterprise." The US Securities and Exchange Commission continues to submit new documents on cryptocurrency exchanges, claiming that the agency's case is not even properly worded.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] Bitget Will List Planck (PLANCK) in the Innovation, AI and DePIN Zone
Buy PLAI,Get 100% fee rebate in PLAI!
Bitget to support loan and margin functions for select assets in unified account
Bitget launches cross margin trading for BGB/USDT and BGB/USDC
