Kraken seeks to dismiss SEC lawsuit, says claim was ‘retaliati | Trade Crypto Now

Kraken seeks to dismiss SEC lawsuit, says claim was ‘retaliation’ for political remark

Kraken filed a motion Thursday to dismiss the Securities and Exchange Commission’s November lawsuit that accused the crypto exchange of multiple charges including operating without registration, failing to prevent known conflicts of interest and commingling client funds. “For eight decades, the U.S. Supreme Court and Ninth Circuit (where this case was filed) have always required that the SEC identify a contract when finding the existence of an investment contract.”

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