ChainCatcher reported that according to Cointelegraph, the cryptocurrency trading platform Kraken responded to the U.S. Securities and Exchange Commission's allegations that it violated federal securities laws.
In a legal filing on September 12, the cryptocurrency exchange denied the SEC’s allegations, saying that the assets cited by the regulator do not meet the legal definition of securities. Kraken stated in the filing that it did not violate “Sections 5, 15(a), and 17A of the Securities Exchange Act of 1934” because the cited assets “are not securities or investment contracts.”
