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

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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

In April 9th, 2024 filling to court Kraken argues that for case to be accepted by court SEC must plausibly allege that Kraken acted as an unregistered exchange, broker-dealer, and clearing agent with respect to securities (investment contracts), which are being regulated by SEC

Date

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2024

Year

Quotes from

To meet its pleading burden, the SEC must plausibly allege that Kraken acted as an unregistered exchange, broker-dealer, and clearing agent with respect to securities—here, “investment contracts.”

Related entities

Kraken submits to U.S. court a reply to SEC April's letter against Kraken's motion to dismiss SEC case for Kraken operating as unregistered securities exchange, broker letter to dismiss SEC charges for acting as unregistered stock exchange, broker, clearing agent

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

Referenced by

Congress granted the SEC jurisdiction over securities

Crypto

Quote

To meet its pleading burden, the SEC must plausibly allege that Kraken acted as an unregistered exchange, broker-dealer, and clearing agent with respect to securities—here, “investment contracts.”

Crypto

Quote

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

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