Kraken Says SEC's Crypto Theory Would 'Gut Howey'

By Aislinn Keely (May 10, 2024, 6:29 PM EDT) -- Crypto exchange Kraken told a California federal judge that the U.S. Securities and Exchange Commission's theory of why token sales on public exchanges offend securities laws could lead to a "significant reordering of the U.S.'s financial regulatory structure" if the agency's enforcement action against its parent companies is upheld....

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