Chamber of Digital Commerce Backs Kraken in SEC Lawsuit
The CDC aims to address and counter the SEC’s current aggressive regulatory tactics rather than relying on clear, legislated rules.
The CDC aims to address and counter the SEC’s current aggressive regulatory tactics rather than relying on clear, legislated rules.
Following the SEC's lawsuit against Kraken last November, the company is now asking the court to disimiss it, stating that
The FBI emerged as the most proactive among U.S. agencies, accounting for over 33% of the total requests.
Kraken now mandates that U.K. users verify self-custodial wallets or validate wallet identities in accordance with local regulations.
The platform claims that it uses AI to generate fake documents, but this claim is disputable.
Binance's $4.3 billion settlement with the U.S. DOJ makes the competitive landscape "feel a bit more fair today," according to
"After Ripple, seems SEC is worried it will lose more crypto cases and playing the numbers game," Mike Selig claimed.
Ripple's native cryptocurrency - XRP - is not among the tokens classified as unregistered securities in the SEC's lawsuit against
Powell urged crypto firms that cannot afford such issues with the SEC to exit the "US warzone."
Kraken has been accused of listing over a dozen unregistered securities on its platform, and of mixing company assets with