Kraken Challenges SEC Lawsuit – Seeks Dismissal!

The crypto exchange has asked the court to dismiss the SEC’s lawsuit.

[{"selector":"#anim-d971325a-ccb7-4caf-bbfc-e8d53f7d664a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4f79d6b7-4409-4119-b631-c9d9f3cd117a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96ab0f6e-8cdf-4085-bee1-93d347dc7f88","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The SEC alleges Kraken operated as an unregistered securities exchange.

[{"selector":"#anim-d23aec8f-d44c-4420-bb7b-db758581bdaa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e8c1e0c6-7752-45fa-a97b-74ab12fe6169","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5b6fda1-08ee-4fe9-9e40-b21580639bcd","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The company argues the SEC lacks clear crypto regulations.

[{"selector":"#anim-48e7c157-a07b-4c05-9ce4-79572a4e5b60 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-2db6296f-4275-4817-84ca-9ffe11441ccd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ef2ef791-ab8a-46b9-8470-fc444d3586e8","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Many in the crypto space support Kraken’s stand.

[{"selector":"#anim-cc378ddd-113f-4771-b592-64d4ae8c9df6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.253334405186028%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-7d448238-4d75-4347-bd07-6248a76b231c","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5053074-6445-4976-a2b8-1200aee58c66","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Analysts say this case could set a precedent for crypto regulation.

[{"selector":"#anim-7316369b-8cb7-4ee3-b479-bb8d4b7ad4d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b680f8ad-9a11-4104-a5ab-e959e1451226","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cbf76698-77a5-48fc-81e4-137233c19e52","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The regulator insists that Kraken violated securities laws.

[{"selector":"#anim-b08598d3-3c58-400c-8c55-a1368c21bfbb [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c3542209-91f3-4881-8c62-9f1dd95aa0a6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-693fc746-411d-48b6-9f08-d391fa38bbb2","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Crypto prices saw slight volatility after the news broke.

[{"selector":"#anim-91c30e99-96b7-455f-8715-edf696c01652 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-33149bf9-8cfb-41c5-8e1c-f6a05fa0c8b8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ae16d757-983c-4cf0-86a9-0cdc346ac56f","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

The court’s decision could influence the future of crypto trading in the U.S.

[{"selector":"#anim-e05b18c3-9f8b-4fa4-ac2c-0f3b100e459b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.40600184191302%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e1ab5837-57ae-43c2-9c2d-6ca2f3ad84cf","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4666bb6b-ffab-4dbe-a9a8-f20a6d2893d0","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Will Kraken win against the SEC? The crypto world is watching closely!

[{"selector":"#anim-2a2b7ba0-7b64-4112-a1bf-83e965db7da6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.287202267403853%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5d77bbe7-a1d2-425d-bd56-9a02e3d80d2d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8b05e989-571b-4501-8004-74f60d63fd19","keyframes":{"transform":["translate3d(120.61855%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Is It Too Late to Invest in Bitcoin?

[{"selector":"#anim-28a661eb-d14c-446d-8b58-4c3e3f651137 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.815661988236662%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-66ce5e52-cd97-4e47-b512-425dfbf57b1f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-05e090a8-a686-4db3-9b7b-6a650d043cb4","keyframes":{"transform":["translate3d(-167.96116%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-007b0894-8651-4f49-b5df-7fcb6c35af58","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d4ca086b-8ee4-4fe2-83b0-5d26f32af533","keyframes":{"transform":["translate3d(-167.96116%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eeec0afc-7a09-4824-b35e-12eeec705317","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cc7c0cd4-8c11-4b41-b8b5-f7722ece8da0","keyframes":{"transform":["translate3d(146.93877%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0eb011eb-bb48-43bf-9ce8-e9180c130c2a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c70a08af-f90e-40c9-bccc-48e942bc1b88","keyframes":{"transform":["translate3d(134.70586%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]