Digital asset exchange Kraken has found itself embroiled in a legal battle with the US Securities and Exchange Commission (SEC) over allegations of operating as an unregistered securities exchange, broker, dealer, and clearing agency. The Kraken SEC lawsuit, initiated in November 2023, has sparked a debate about regulatory authority in the rapidly evolving digital asset industry.

Kraken previously faced SEC legal action, settling in February 2023 by paying $30 million due to issues with its staking program. Consequently, Kraken ceased its staking services as part of the agreement.

Kraken’s Response

Kraken, in a bold move, has fired back at the SEC, challenging the lawsuit and alleging…

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