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

By Aislinn Keely

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.

 Response attached | Read full article » Save to favorites »