The transactions alleged to have occurred on Kraken are blind bid/ask secondary market sales of digital assets (governed by the 1934 Exchange Act), unaccompanied by any contractual terms or other obligations that may have existed at the initial offering (governed by the 1933 Securities Act)

  • Quote

Name

The transactions alleged to have occurred on Kraken are blind bid/ask secondary market sales of digital assets (governed by the 1934 Exchange Act), unaccompanied by any contractual terms or other obligations that may have existed at the initial offering (governed by the 1933 Securities Act)

Types

Quote

Author

Kraken

Claims from

In April 9th, 2024 filling to court Kraken argues that transactions on Kraken are blind bid/ask secondary market sales unaccompanied by any contractual terms that may have existed at the initial offering therefore are not investment contracts regulated by SEC

Source

Kraken's reply memorandum to court in response to SEC letter in support to Kraken's motion to dismiss SEC case against Kraken for operating as unregistered securities exchange, broker, clearing agent

Source URL

https://storage.courtlistener.com/recap/gov.uscourts.cand.421113/gov.uscourts.cand.421113.69.0.pdf

Referenced by

In April 9th, 2024 filling to court Kraken argues that transactions on Kraken are blind bid/ask secondary market sales unaccompanied by any contractual terms that may have existed at the initial offering therefore are not investment contracts regulated by SEC

Crypto

News event
Claim