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Article Summary
- The article discusses the SEC's attempt to dismiss three key defenses presented by Kraken in a US lawsuit.
- The SEC argues that Kraken's motion to dismiss is not valid due to the lack of substance in their arguments.
- The lawsuit revolves around allegations of Kraken operating as an unregistered securities exchange.
- Kraken has faced regulatory challenges in the past, including a cease-and-desist order from the state of Texas.
- The article mentions the author, Nikhilesh De, as the writer covering the SEC's legal action against Kraken. Tone: The tone of the article is informative and neutral, presenting the facts of the SEC's legal action against Kraken without bias.
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SEC Seeks To Dismiss Three Of Krakens Key Defenses In U.S. Lawsuit
A motion filed earlier this week rejected several of Krakens defenses and complained that the exchange was "trying to re-litigate the same issues repeatedly."
https://www.coindesk.com/policy/2024/11/07/sec-see...
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