Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ETHEREUM NEWS»SEC Requests Court Approval to Dismiss Kraken’s Key Legal Defenses
ETHEREUM NEWS

SEC Requests Court Approval to Dismiss Kraken’s Key Legal Defenses

By Crypto FlexsNovember 7, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
SEC Requests Court Approval to Dismiss Kraken’s Key Legal Defenses
Share
Facebook Twitter LinkedIn Pinterest Email

The U.S. Securities and Exchange Commission (SEC) has filed a motion in the U.S. District Court for the Northern District of California to dismiss key defenses presented by Kraken in the ongoing legal dispute between the two.

Regulators argued that Kraken received fair notice in advance when it charged the exchange last year with violating securities laws by offering cryptocurrency assets as “investment contracts.” work out Filed on Tuesday.

The timing of the SEC’s motion, filed on Election Day, prompted criticism from Kraken’s legal team, which saw it as a tactic to avoid “findings about the SEC’s flawed and inconsistent policies.”

The agency is seeking to remove Kraken’s claims of violations of the Key At issue doctrine and due process. Kraken argues that these defenses are critical to protecting the company’s operations from excessive regulation.

Kraken’s claims about a lack of regulatory clarity are “meritless,” the SEC argues.

The motion builds on the SEC’s argument that federal securities laws apply to digital assets offered as investments, a position that has sparked several regulatory clashes with cryptocurrency companies.

“Courts should reject these defenses to help maintain appropriate discovery boundaries. “It narrows the scope of summary judgment, saves judicial and party resources, and prevents Kraken from repeatedly re-litigating the same issues at every possible stage of this case,” the filing states.

Kraken attorney Michael O’Connor criticized both the timing and intent of the SEC’s move in a Wednesday statement to

O’Connor expressed confidence that Kraken’s defense will stand up to scrutiny, citing the Ripple case where a similar SEC application was dismissed.

This motion also came in response to Kraken’s request. Jury trial. It’s a challenge to the SEC’s request to classify 11 cryptocurrencies as securities, including Solana (SOL), Cardano (ADA), and Polygon (MATIC).

Kraken claimed that its repeated attempts to register with the SEC were “defended” by the agency, alleging that SEC Chairman Gary Gensler has applied securities laws inconsistently to the detriment of the cryptocurrency industry.

The SEC’s motion comes amid speculation that Chairman Gary Gensler could soon resign. Analysts suggest Gensler could resign by the end of the year, following the precedent of SEC chairs leaving office during a change in administration, with Donald Trump expected to be elected.

Edited by Sebastian Sinclair

daily report newsletter

Start your day today with top news stories, original features, podcasts, videos and more.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

📈 Bonk (BONK) Price Prediction 2024-2030

April 29, 2024

Avoid the coked fruit from the FRKN Bananas slot

February 16, 2025

Cryptocurrency exchange Coinbase adds new Canadian dollar-pegged stablecoin to listing roadmap

May 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.