Kraken Files SEC Lawsuit Dismissal Over Jurisdiction Overstep

Kraken, a prominent cryptocurrency exchange, has contested the lawsuit brought against it by the U.S. Securities and Exchange Commission (SEC), asserting that the SECs claims lack substantial evidence and misinterpretations. Allegations of Non-compliance According to Krakens motion filed on Thursday in the Northern District of California, the SECs lawsuit lacks allegations of fraud and unjustly stretches the definition of a contractual relationship. Kraken insists that the SECs accusations are baseless, highlighting that the SEC has not proven any instances of consumer harm or...


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