The post SEC vs Kraken: What the Partial SEC Win Means for Crypto Exchange appeared first on Coinpedia Fintech News
Granting a partial victory to the Securities and Exchange Commission in its legal battle against Kraken, a US-based cryptocurrency exchange, a federal judge in California, William Orrick, dismissed some key defenses tabled by the exchange. Would the development influence the destiny of other exchanges, which have presented similar defenses in their legal battles against the regulator?
How SEC Scores Partial Victory Over Kraken?
The primary defense Kraken used against the SEC was the major questions doctrine argument, which says that courts should not interpret laws as giving agencies authority over major issues unless Congress has explicitly stated it.
Judge Orrick rejected the argument, citing that crypto has not reached the level of economic significance of energy markets or student loans.
Kraken’s Fair Notice Defense Remains Active
Meanwhile, K
We współpracy z: https://coinpedia.org/news/sec-vs-kraken-what-the-partial-sec-win-means-for-crypto-exchange/
