Kraken: The SEC has repeatedly used terms such as investment "concepts" and "ecosystems" in its arguments, rather than "investment contracts" and "companies"
2024-05-10 04:58:34
Crypto exchange Kraken on Thursday filed a response to the Securities Exchange Commission's letter from April regarding the company's motion to dismiss the case, saying the agency failed to identify "any investment contracts on which transactions, intermediation, or settlement are (or may be) conducted on Kraken." The filing notes that the Securities Exchange Commission has repeatedly used terms such as investment "concept" and "ecosystem" in its arguments, rather than "investment contract" and "enterprise." The Securities Exchange Commission continues to file new documents on cryptocurrency exchanges, arguing that the agency's case is not even properly worded.
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