Official SEC statements and court rulings

Kraken Denies SEC Allegations, Seeks Jury Trial, Asserts ADA and ALGO Aren't Securities

Sep 13, 2024, 08:57 AM

Kraken is contesting allegations from the U.S. Securities and Exchange Commission (SEC) that it operated an unregistered securities exchange. The cryptocurrency exchange has demanded a jury trial to address the claims made by the SEC, as indicated in a court filing on Thursday. Kraken denies the allegations, asserting that its assets, including ADA and ALGO, are not securities under U.S. law. The company has accused the SEC of overreach in its regulatory actions.