Reported about 2 months ago
A US District Judge ruled that the SEC's lawsuit against cryptocurrency platform Kraken can proceed, accusing it of running an unregistered securities exchange. The judge highlighted that certain cryptocurrency transactions on Kraken may constitute investment contracts subject to securities laws. Kraken's legal team celebrated the decision as affirming that none of its tokens are categorized as securities. This ruling occurs amidst ongoing debates about the classification of digital tokens and the SEC's regulatory authority over cryptocurrency exchanges.
Source: YAHOO